Buying out assets under CMA scrutiny
We acted for a distressed investor on the acquisition of 11 car parts depots through a hive down and share sale required to comply with undertakings given to the Competition and Markets Authority by the seller.
In addition to the corporate acquisition, we advised on the key future stock supply agreement, transitional services arrangements and the working capital facility granted to the operating company, which has now been converted into an invoice discounting facility.
Helping a lender recover £1.8 million debt
Advising a distressed lender in proceedings to recover debts owed to it by corporate debtors and individual guarantors of approximately £1.8 million. The debtors disputed the debts on grounds of, amongst other things, misrepresentation and alleged "mis-selling" of the facilities.