Abigail Owen, Corporate Partner, led the team and advised Smith Greenfield Holdings Limited on a vendor initiated management buy-out of Smith Greenfield Services Plc.
Smith Greenfield Services Plc are an independent insurance broker whose business includes the provision of high and mid-net worth insurance broking.
Amanda Smith, a director of Smith Greenfield Holdings Limited commented: “We were recommended Rawlison Butler by Malcolm Coomber at Hyde Corporate Finance and I can certainly understand his reasons for doing so. Abigail Owen led the team. Abigail’s approach to our situation and requirements was totally professional and efficient. She was extremely thorough and kept us informed at all times. Completion was made within the timescale required and her post completion service continued as promised”.
Hyde Corporate Finance Limited, specialist management buy-out and buy-in, company sale and acquisition advisers, acted for Smith Greenfield on the deal structure and negotiations. Malcolm Coomber of Hyde commented: "We needed to structure a deal which worked for all interested parties, the Revenue and the other authorities. With goodwill on all sides, the formula we devised worked for everyone involved and we believe that Smith Greenfield can now concentrate on a great future."
Commenting on the transaction, Abigail Owen said: “We are delighted to have been able to assist our client in relation to this matter and to work with the parties on achieving a successful completion and within the timeframe and desired completion date. We wish them every success in the future.”
For further information on any other corporate law issue, please contact Abigail Owen by emailing Abigail or by calling her on 08450 990045, or speak to your usual contact in the Corporate Team.