Mergers & Acquisitions

We provide mergers and acquisition services for both asset sale and share sale for UK businesses including putting in place preliminary agreements, carrying out due diligence, obtaining deal consents and regulatory approvals, preparing the share purchase agreement and other ancillary documents and dealing with completion and post-completion steps.

It also highlights some key legal issues affecting share sales, including the restriction on financial promotions under Financial Services & Markets Act 2012 and the prohibition on financial assistance under the Companies Act 2006.

The transaction process will differ in some key respects depending on whether the seller intends to negotiate a deal with a single potential buyer, or whether it will be running an auction sale whereby several prospective buyers are invited to submit bids for the target company in a competitive tender process.

However, we also consider an exclusive sale negotiation between the seller and one potential buyer, although many of the issues addressed will also be relevant for auction sales.