We expertly manage distressed transactions, including “pre-pack” business and asset sales.
Acting for office holders or purchasers, we ensure deals are structured to protect our clients’ interests and address challenges around employees, intellectual property and premises.
Our experience includes:
- Advising aviation specialist Gama Aviation on its last-minute rescue deal to purchase the business and assets of Specialist Aviation Services, via a pre-packaged administration process.
- Advising Gemco UK Ltd on the pre-pack administration purchase of the business and assets of Tecalemit Garage Equipment Ltd, further consolidating its presence within the UK garage equipment market.
- Advising on the acquisition of a golf club out of receivership from its parent company. The transaction involved complex diligence issues, such as the target’s share and loan capital structure that included a number of non-voting shares and debentures held by club members.
- Advising Xebec Holdings (UK) Ltd, the English subsidiary of an insolvent Canadian parent company, on the disposal of industrial pump manufacturing business Tiger Filtration to German family office Forum Gruppe. The share sale was on a “'no reps, no warranties” basis and we also advised on National Security and Investment Act 2021 implications.
- Acting for Pureprint, one of the UK’s largest commercial printing businesses, on the pre-pack acquisition of the business and assets of Screaming Colour Ltd (in administration), a specialist printing house.
