We successfully acted for a local entrepreneur who is well known within the UK film industry, with the sale of a private limited company that operates a film production payroll business. The buyer was a private equity‐backed company based in California, and the sale involved our client selling his entire shareholding.
The target company operated a business similar to the buyer’s existing business interests, and the potential synergies made it very attractive to the buyer.
We supported our client with the buyer’s extensive due diligence review of the company and its assets and business affairs. We also negotiated the share purchase agreement and relevant related documents. As the client wanted to continue to be employed by the company, our employment team were involved and advised him on this.
The buyer wanted to complete quickly, which was extremely challenging, but we managed to complete the transaction within the two week deadline by working collaboratively with the buyer.