LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholders of an energy and infrastructure consultancy on its sale to its employees.
A well-established and profitable specialist consultancy business was sold to its employees via an Employee Ownership Trust (EOT). The LEES corporate finance team, led by Chris Bidgood, assisted throughout the process including the preparation of valuation and obtaining necessary tax clearances from HMRC. LEES also assisted and worked collaboratively with the solicitors to ensure the appropriate structure and documentation were put in place.
The deal completed successfully to ensure the long term future of the company under the new ownership of its excellent employee base.