Dyke Yaxley, a member of The Corporate Finance Network with offices in Shropshire and the United States, has advised on the sale of a self-storage company.
Mark Bramall led the deal with support from Cian Iddison. The Dyke Yaxley team has advised the business almost from its inception.
Along the way they have supported the company to achieve its expansion plans and then to prepare in readiness for exit, with the usual compliance services and tax advisory over the years of trading.
When the main shareholder expressed his wish to exit, the Dyke Yaxley corporate finance team assisted in the final negotiations between their client and the Buyer, enabling a sensible deal structure which all parties were happy with.
The team also assisted in providing information for the Due Diligence process, conducted reviews of the Share Purchase Agreement and other legal documentation, and prepared the funds flow in anticipation of completion. Finally, post-deal, they assisted in preparation of the Completion Accounts.
Throughout the process they advised on the tax considerations around the disposal of the business for the vendors and in connection with the Sale & Purchase Agreement.
Solicitors acting for the vendor were David Preece, Abigail Noakes and Stephen Burke from FBC Manby Bowdler.
The deal was successfully completed and the director has been able to happily retire, knowing his legacy continues in safe hands.
