Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised a Tourism business on its £4.5m acquisition of a high-end accommodation business.
Chris Ridgeon, Partner at Whiting & Partners within their Corporate Finance team, was approached by his client when an opportunity arose to acquire a high-end accommodation business. Chris and the Whiting & Partners corporate finance team began by preparing projections to review the viability of the acquisition and to support lending for the deal. Whitings also advised on SDLT and the VAT position.
Chris liaised with lawyers on both sides and throughout the transaction. The Whitings team also advised on the integration and structure of the new venture into the existing business following the acquisition.
The outcome was their client acquired the high-end holiday accommodation business in time for the relaxation of occupation number rules. This was as part of the continued diversification from their existing core business.