Selling a Business With a Pre-sale Company Structure Adjustment
Testimonial from Pharma Ventures for our Work on the Sale of One of its Trading Subsidiaries
In 2013 Continuum Corporate Lawyers was approached by Pharma Ventures Limited, a company that was interested in selling a business – one of its trading divisions – to Imsworld Publications Limited. Pharma Ventures Limited is an Oxford-based business management consultant. The company was looking to realise the value of its separate division, ‘PharmaDeals’, specialising in pharmaceutical and biotech information databases and reports. Imsworld Publications Limited was keen to add the division to its group with a focus on providing certifications to corporate clients.
The sale of the business was a complex transaction
The transaction was managed by Simona Falticeanu, and required some initial adjustment to the company structure prior to sale. As the testimonial below shows, selling a business is a complex process, especially so in this case.
Geoff Brooker, Chief Financial Officer of the company, had this to say following on from the sale:
“PharmaVentures retained the services of the Continuum to assist it in the divestment of a trading division to an international company. This became a complex transaction because of the corporate restructuring that was involved together with related tax issues.
We were impressed with the commitment and professionalism that the Firm brought to the case. Their wide ranging skills in employment, corporate taxation and intellectual property law avoided the necessity of retaining more than one legal Firm and the dedication and experience of the solicitor assigned were instrumental in the successful outcome.”
Geoff Brooker CFO
Contact us if Your Are Considering Selling a Business
Our expertise in acting for clients who are selling a business covers many different sectors and, often, as was the case with this transaction, requires restructuring work. If you are looking to sell your business, please contact us or call us on +44(0)121 214 2490 for a FREE initial chat.