LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholder of a Telecoms and IT infrastructure business on its sale to a major national operator. 

LEES corporate finance team was approached by their client who had been speculatively approached by a large Telecoms business that was seeking growth via acquisition. The LEES team promptly stepped and assisted in the negotiations with the purchaser and appointment of legal advisers. The LEES corporate finance team including Chris Bidgood and Martin Wilson, worked with the client through an extensive due diligence process, coordinating with the purchaser’s advisers throughout and working closely with the vendor’s solicitors on the Share Purchase Agreement (SPA). They were also involved in assisting with the preparation of locked box accounts.

The transaction was completed within an ambitious deadline with the vendors achieving a good outcome to facilitate their desired exit from the business.

 

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Categories: Deals

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