Dyke Yaxley, a member of The Corporate Finance Network with two offices in Shropshire and one in the United States, has successfully advised the shareholders of a care home on business on their sale of 100% of shares.

Mark Bramall and Sarah Hartshorn, members of the Corporate Finance team at Dyke Yaxley, were approached by their client after they were considering selling their care home involving a Real Estate Investment Trust (REIT) and a prospective operating tenant. Given the complex nature of the transaction, the Dyke Yaxley Corporate Finance team provided pre-sale planning to ensure the business was ready for the sale process. It was integral to the deal that the CQC registration was protected by the operating company.

Dyke Yaxley supported their client through due diligence process from both purchasers and agreeing on a pre-sale working capital adjustment. They also assisted the vendors by becoming the point of contact for the legal advisers throughout in respect of the Share Purchase Agreement, indemnities and warranties.

The outcome was a successful completion and the vendor is now well set up to enjoy a well earned retirement. The operating company is now owned by the REIT and the healthcare company now operates the trading company.

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Categories: Deals


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