Deals are still being done in the West Midlands, despite the lockdown introduced by the Covid-19 pandemic.
At Thursfields Solicitors, we have continued to be busy and active in the Mergers & Acquisitions market, despite the apparent downturn in the economy.
Many businesses had growth plans in place, and others, since lockdown started, have identified opportunities to make strategic acquisitions or disposals.
Since Monday 23 March, when the Prime Minister asked us all to stay at home and work from home if we were able, we have completed nine deals.
Even during lockdown, the instructions have continued to come in, and we currently have 25 transactions ongoing or in the pipeline with an aggregate deal value of around £50,000,000.
At Thursfields Solicitors, we were able to transition seamlessly to working remotely and transactions have continued without delays.
What has been most encouraging, and bodes well for a wider economic recovery in the short to medium term, is that deals completed and in the pipeline range across a wide variety of sectors, including IT & technology, healthcare, transport and logistics, manufacturing and financial services.
We advise on all corporate and commercial issues, including mergers, acquisitions and disposals, business growth and funding, joint ventures and business relationships, corporate structures and reorganisations.
Allied to these areas, we also provide expert advice on related matters which may or may not be issues in merger and acquisitions, such as IT contracts, intellectual property, commercial contracts or shareholder disputes.
There may be TUPE (Transfer of Undertakings (Protection of Employment) regulations) involved, and indeed commercial property to be considered, whether the sale or purchase of business premises, leasing commercial premises or buying land with a view to commercial or residential development.
For those selling their business, we can advise on issues such as succession planning, protection of assets and inheritance tax.
At Thursfields Solicitors, we are still very active and ready to assist directors, shareholders, buyers, sellers and investors who have queries about buying or selling a business, or who have strategic targets in their sights.
For comprehensive advice on all matters relating to your business plans, it pays to start the conversation early. Our expert advice can be the difference in maximising your returns and safeguarding your future.