Dyke Yaxley, a member of The Corporate Finance Network with two offices in Shropshire and one in the United States, has assisted the shareholders of an insurance brokerage on their sale to Henshalls Insurance Brokers.
Dyke Yaxley, was approached by their longstanding client who sought advice throughout the business sale process. The Dyke Yaxley team had worked with the client for a number of years providing compliance services and tax advice. This enabled the Due Diligence information to be collated much quicker and hassle-free.
The Dyke Yaxley corporate finance team assisted in providing information for the Due Diligence process (financial and tax) and reviewing the Funds Flow, Share Purchase Agreement (SPA) and legal documentation. DY assisted in the preparation of the Completion Accounts.
Dyke Yaxley advised on all aspects of the tax considerations around the disposal of the business for the vendors and in connection with the SPA.
At completion, their client commented “Our biggest concern was the burden of ensuring we had a good deal for stakeholders, understanding what we needed to do and how to do it, and stability and a good working environment for our colleagues. With Dyke Yaxley it was clear from the off that we were not alone – we had talented and experienced people in our corner that understood our concerns, what we needed, and what we wanted.”
Involved in the deal were Mark Bramall and Sarah Hartshorn from the Dyke Yaxley corporate finance team and Pam Mason from the Dyke Yaxley tax advisory team.
