LEES, a member of the Corporate Finance Network with offices in Norwich, London, and Hampshire has advised a property rental business on a group reorganisation/buy-out.
Martin Wilson, Senior Manager at LEES Accountants, was approached by a client who was seeking advice on a group reorganisation/buy-out. An offer had been made on a substantial office block owned by the property rental business, however the two owners had differing views regarding the future of the business – one wanting to sell up and realise their investment and the other wanting to keep the business going whilst the property is fully let.
It was agreed that the willing seller would be bought out of the business by the other party, with LEES acting as the lead advisor on the buy-out. LEES were responsible for valuing the business, negotiating prices, obtaining necessary clearance from HMRC and creating a deal structure to the satisfaction of both parties.
LEES worked together with the legal advisors ensuring the details of the transaction were understood by all and assisted the bankers on the refinancing which was needed. This ensured that the outcome was a successful transaction that achieved the aims of both parties.
