We are pleased to announce that Palehouse Group Limited, a special purpose vehicle set up to make
the acquisition, has completed the purchase of the trade and assets of RK Silver Limited.
David Harris contacted Foxley Kingham for assistance. Steve Sansom explained the benefits of an asset purchase and as heads of terms had not been agreed, was able to manage and negotiate the transaction to an asset purchase as opposed to a share deal which provided both significant tax benefits and a major reduction in pre-acquisition due-diligence.
Foxley Kingham were appointed to provide full deal management services to support in the negotiations, manage the transaction through from heads of terms to completion, financial and commercial due diligence and appointment of lawyers.
The deal was completed in January 2025 only 8 weeks after the initial conversation and instruction.
Foxley Kingham provided tax, company secretarial and accounting advice in connection with purchase of the trade and assets.
If you are considering a similar transaction or need expert advice on managing a business acquisition, contact us today to find out how we can assist you.