Corporate Commercial Case Studies

 

Client has Specsavers in her Sight

Pearson’s corporate & commercial team have advised on a recent deal involving the acquisition of three Specsavers stores.

Amanda Pedder turned to Pearson’s Keith Kennedy for advice when she wanted to acquire shares in three stores from the High Street chain of opticians.  The stores operate from premises in Swinton, Fallowfield and Wythenshawe.

Pearson’s corporate team advised Amanda on three Share Purchase Agreements, Shareholders’ Agreements put in place between Amanda and the other owners, as well as various commercial contracts between the three companies and Specsavers.

Commenting on the deal, Keith Kennedy said:

“The fact that we had three linked transactions meant that there were in excess of 70 legal documents, but we were able to streamline the process by working closely with the other advisers involved, including Specsavers’ in house legal team in Guernsey, meaning that the three deals all completed simultaneously.  We are delighted to have helped Amanda to make the acquisitions and no doubt she and the other shareholders will now help to drive further growth at each of the stores.”

 

Pearson Team Advise on Management Buyout

Our corporate & commercial team recently advised on the management buyout of a £20m turnover family business.

Food manufacturer, Supreme Foods Limited, trading as Glendale Foods, based in Salford, has enjoyed a successful 30 plus years in the business and employs over 200 people.

Keith Kennedy, head of corporate & commercial at Pearson Solicitors acted for Glendale’s founder John Mortimer, and the other members of the Mortimer family, on the sale of their shares to the existing managing director and operations director.

Speaking at the time of the deal, exiting chairman John Mortimer said he had enjoyed working closely with the management team and was looking forward to seeing their future success.  He added that he was confident that the excellent customer base and state of the art production facility would enable the new owners to further prosper.

Keith added:  “We were delighted to have helped the Mortimer family realise the financial benefits of over 30 years’ hard work. This deal is typical of our experience in advising exiting shareholders in owner managed businesses.”

Latest Blogs

Due Diligence (cont)

Due Diligence (Part 2) What you need to do In the second part of this article we will be covering the scope of the investigation The scope of the investigation will need to cover various areas relating to the business and its affairs, for example: ...

Due Diligence

Due Diligence (Part 1) What is Due Diligence? A due diligence review is an independent investigation of the target business by the buyer and its advisers. In English law, the principle of “caveat emptor” or “buyer beware”...

GDPR - one year on it's not just all about emails

What have the changes, if anything been for businesses – we look at what has happened in the past 12 months and what you might have to plan for the future It’s been almost 12 months since businesses were all panicking about GDPR , here is Q...

Directors' Duties - The do's and don'ts

  As a company director you are responsible for the day-to-day running of the business and accountable for its success or failure. According to the Companies Act 2006 (CA 2006) there are seven specific duties you need to observe: to act within...

Persons with Significant Control

One of the main objectives of Companies House’s ( CH ) business plan for 2018-2019 is corporate transparency. At the heart of CH’s business plan is the proper identification and accurate presentation of information relating to Persons with...