Sale of a company operating a nationally recognised franchise business

The Corporate and Commercial team at Wilson Browne Solicitors has recently advised the selling shareholders in the sale of the entire issued share capital of a company holding a nationally recognised franchise business for an undisclosed sum.

The transaction involved not only the sale of the company concerned but also all of the franchise-related elements which required the detailed involvement of both the buyer and the franchisor to ensure the smooth transition and continuation of the franchise business following the acquisition.

In addition to the corporate aspects of the transaction, the advice given also involved the commercial property team at Wilson Browne in relation to the trading property occupied by the target company.

The team at Wilson Browne also worked closely with the accountants and other advisors to the shareholders concerned to ensure that the transaction was completed smoothly and in the most tax-efficient manner.

The transaction was led by Duncan Crowther, a Partner in the Corporate and Commercial team at Wilson Browne, who commented:

All company sales and purchases come with their own particular requirements and nuances, and this transaction was no different. The involvement of a nationally recognised franchise brand added an additional layer of complication to the transaction by necessitating that the requirements of the franchisor were satisfied to ensure the smooth transition and continuance of the franchise concerned following the completion of the acquisition. It was particularly helpful that Wilson Browne has the experience of acting for both franchisees and franchisors of a wide and varied nature. It is this breadth and depth of knowledge and experience which really helps with the efficient completion of transactions such as this and it is a testament to the wide-ranging scope of the commercial legal services offered by Wilson Browne.

The Corporate and Commercial team at Wilson Browne is nationally recognised in the Legal500 and regularly advises clients on a wide range of corporate transactions, including business and company sales and acquisitions, management buyouts, company restructuring, corporate governance, franchising, intellectual property protection and commercial contracts.