LEES, a member of The Corporate Finance Network with offices in Norwich, London and Hampshire has advised the shareholders of an engineering business on the purchase of shares from a dissenting shareholder.
The LEES Corporate Finance team was asked for assistance following the breakdown of a working relationship between shareholders of the fast-growing firm.
The project, led by Corporate Finance specialist Chris Bidgood, assisted the company to negotiate a purchase of its own shares with the outgoing party, involving valuation and subsequent negotiation of terms.
LEES Corporate Finance team also applied for tax clearances to ensure the appropriate treatments would apply to maximize the value of the transaction for both parties and helped manage the legal process with the solicitors.
The transaction completed resulting in a fair resolution for all parties. It has enabled the shareholders to continue to grow the business for the foreseeable future.