Our clients, Neil and Carrie-Ann, the driving forces behind Neil’s Data Consultancy Ltd, set their sights on acquiring a new accounting practice to bolster their already successful business portfolio.
Rubric Law was thrilled to guide them through this asset purchase.
The challenge
Neil and Carrie-Ann established a clear objective: to seamlessly integrate a new accounting practice into their existing operations.
The acquisition involved not only the business assets but also intricate negotiations concerning future consultancy roles for the selling company’s director.
Strategic legal support
Our comprehensive approach to this acquisition included:
- Drafting and negotiating the heads of terms
- Undertaking due diligence and providing strategic advice
- Drafting and negotiating the asset purchase agreement
- Negotiating the disclosure letter
- Negotiating a consultancy agreement for the director of the selling company to undertake work post-completion
- Completing the acquisition
Engagement of various parties
The complexity of the acquisition was heightened by the involvement of numerous external advisors on the seller’s side, each bringing different timelines and expectations. Our legal team’s adept coordination ensured that these varied elements did not delay the transaction.
Effective communication and management
At Rubric Law, we believe in the power of communication. Throughout the acquisition, we guided our clients through each stage of the process, ensuring they were informed and confident in their decisions. We also provided weekly updates and maintained open lines for queries and discussions.
Our proactive management kept all parties aligned and focused, driving the transaction toward a timely conclusion.
The result
Our strategic legal guidance and persistent negotiation resulted in a successful acquisition, enhancing Neil’s Data Consultancy Ltd’s market presence.
We extend our best wishes to Neil and Carrie-Ann as they enter an exciting new chapter of business growth.
Neil commented on the experience:
“I’ve worked with Rubric Law for many years. The team really came through for us during this acquisition. They were always just a call away, ready to clarify things and keep everything on track. We were very grateful to have them on our side—very reassuring and consistently supportive.”
Considering business growth?
We’re here to help:
📞 0117 435 4350
✉️ info@rubric.law
