Mergers and Acquisitions

Our experienced M&A lawyers simplify the process of buying and selling businesses. We're here to craft deals that align with your needs, for a smooth and successful transaction.

Whether you’re considering selling or buying, we are here to provide you with expert legal advice that has already supported millions’ worth of completed deals.

From thorough due diligence to pinpointing potential risks and opportunities, we delve into every detail of the transaction to safeguard your interests.

M&A is complex and no two cases are the same. Each demands its own approach, tailored to the specifics of the situation. Every step of the process needs precision and care. At Rubric, we invest time to understand your goals, offering the right skills and a stress-free approach for a successful transaction.

Our corporate solicitors regularly advise on:

  • Due diligence
  • Transaction structuring and negotiation
  • Regulatory compliance
  • Private company acquisitions and disposals (shares and assets)
  • Complex restructurings and reorganisations
  • Shareholder and board governance matters
  • Equity investments
  • Post-completion support

Do you know how much your business could be worth?

Use our FREE non-disclosure agreement builder

Do you need a non-disclosure agreement (NDA)?

Our bespoke NDA builder is tailored to safeguard your sensitive information during business transactions, ensuring your discussions remain confidential.

Whether you’re engaging in a sale or exploring new business partnerships, our NDA provides the security you need.

It only takes a few minutes to answer a few simple questions. The NDA document will then be emailed to you, ready for downloading and signing.

Here are just a few of our recent success stories...

Veterinary practice sale success

Aligning corporate, employment, and property law.

Navigating a double acquisition
The expansion of a safety training company.

Overcoming hurdles in a partnership
One partner’s journey to sole ownership.

Our sales and acquisition process

Step 1

Initial consultation

This first step is about understanding your vision to tailor our advice perfectly. We'll discuss your objectives and what you’re looking to achieve.

Step 2


We will explain what legal support is required and provide you with a quote for our work so you know exactly what to expect.

Step 3

Communication plan

Your communication plan outlines how often and how you would like us to update you on your transaction. Transparent and regular communication is key.

Step 4

Engage deal team

We connect you with a trusted broker for deal structuring and an accountant for financial advice, ensuring your deal team covers all financial, legal, and strategic needs.

Step 8

Post-deal support

We offer legal advice and support to address any post-deal adjustments and to ensure the integration process adheres to the objectives you envisioned.

Step 7

Final documentation

We meticulously draft and review all necessary documentation, ensuring every detail aligns with regulatory standards and your strategic goals.

Step 6

Comprehensive due diligence

Our comprehensive due diligence covers all bases; legal, financial, and operational. We work closely with your broker and accountant to secure your interests.

Step 5

Negotiations and deal structuring

We'll engage in negotiations with the other party, refining the deal to protect your interests. This phase is critical; our experience ensures you're in the best hands.

Looking for legal advice? Please get in touch:

A merger is a transaction where two or more businesses join to form a new entity, typically with the goal of expanding market reach or combining resources. 

An acquisition refers to a transaction where one party purchases a business, either by acquiring its shares or assets. The acquirer gains control over the acquired business’s operations, assets, and liabilities.

An asset purchase involves the buyer acquiring select assets and rights and sometimes assuming responsibility for certain liabilities relating to the target business. The buyer can essentially cherry-pick the assets they want.

A share purchase involves the buyer acquiring the shares in the business (including all of its assets, liabilities and obligations) from the shareholders.

Before you make a business deal, it’s important to know everything you can about what you’re getting into. This means understanding exactly what you’re buying, the debts you’ll be responsible for, and any future challenges that might be waiting around the corner like unsettled legal disputes or difficult contracts.

To be sure you’re making a wise decision when merging with or buying another company, here’s what you should look into:

The seller’s financial health: This includes their financial records, the value of their assets, their tax liabilities, and how well they’ve been doing business-wise.

The seller’s competitive position: You’ll want to know their place in the market, how much they know about their industry, who their competitors are, and what kind of technology and intellectual property rights (like patents and trademarks) they have.

The seller’s potential liabilities: Are there any ongoing legal disputes or restrictions that could affect their business? Also, make sure they have the right to use all the software needed for their business operations.

The seller’s contracts: What contracts have they signed and what are the terms?

The seller’s day-to-day operations: Get to know their business structure, what kind of insurance they have, who works for them, how their management team operates, their future sales prospects, and who their customers are.

Typically, if the market perceives the M&A as beneficial, the share price of the acquiring business might rise, offering immediate gains to its shareholders. Conversely, the shareholders of the business being acquired often see a premium on their shares. However, if the M&A is viewed negatively, it might depress share prices. Beyond immediate price effects, shareholders might experience changes in their percentage of ownership, dividend payouts, and the overall risk profile of their holdings.

The impact of a merger or acquisition on employees can vary widely depending on the specific circumstances, the cultures of the merging companies, and the strategies employed by the acquiring business.

Concerns about job security surface, as potential redundancies or new roles emerge.

The blending of divergent company cultures might trigger clashes, impacting morale.

There might also be shifts in priorities due to management changes.

Furthermore, employees could encounter adjustments in benefits, face potential relocations, or grapple with increased workloads and the need for new training.

The importance of talent retention and legal employment protections become paramount. To ensure a smooth M&A process, maintaining open communication and providing adequate support to employees is vital.

Solicitors provide essential legal guidance to ensure the transaction aligns with relevant laws and regulations. They lead the due diligence process, meticulously examining the target business’s legal standing to uncover potential risks or liabilities.

Additionally, solicitors draft, review, and negotiate important documents, to safeguard their client’s interests and facilitate a smooth completion.

Heads of terms, sometimes a “letter of intent” or “memorandum of understanding”, are a preliminary agreement outlining the main points of a deal when selling a business.

They act as a guideline for the preparation of the sale and purchase agreement. Typically, they are not legally binding, but benefit the parties by providing an opportunity to agree on the key terms of the transaction before the final contracts are drawn up.

This changes from case to case. Typically, we advise a timeframe of three months from heads of terms.

Several factors can affect the time it takes to sell a business, such as the speed at which the parties and their advisors act, the complexity of the transaction, the time it takes for due diligence, and the ease of negotiations.

Graeme Sherriff Riverside Vets Co-director

With Rubric, you can expect a team that genuinely cares about your success.

Edward Pettifer Director and Veterinary Surgeon

It was their creative solutions and the way they really listened and responded to our needs that truly made a difference.

Anton Gabb NOVA+ Director

I was very impressed with how efficiently they managed the complex work and tight timeframe.

Swapna Chamathakundil Care Home Owner

Rubric Law team have my highest recommendation, and I'll be using the team for all of my next businesses.

Nigel Misselbrook Chaseview Director

I would not hesitate to recommend Rubric.

Dr Haydn Mayo Insync Healthcare Pharmacy Ltd Managing Director

I feel entirely comfortable with making a personal recommendation to friends and colleagues.

Mel Weatherall The Oxford Cat Clinic Director

kept in close contact throughout the purchase process offering invaluable guidance and advice.

Mandy Clarkson Riverside Vets Co-director

They were always on the ball, making me feel like I was in capable hands.

Alexia Mills Practice Principal

Very personable and reassuring...they took the time to explain everything in a way that I could easily understand.

James Risk Veterinary Surgeon

I’ve found Rubric to be a very honest and trustworthy company.

David Winn-Morgan Business Broker

I have always been amazed at the depth of their knowledge and their professionalism.

Kevin Haydon IT Manager

I wouldn't hesitate to recommend them.