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Planning for transition and succession in the ownership of a business is paramount to ensuring that the business’ value is maximised and its continued profitability is secured.
We regularly advise clients on the preservation of their business through a range of corporate agreements and transactions aimed at developing & protecting their position and/or stimulating growth such as shareholders’ agreements, investment agreements, joint venture agreements, mergers & acquisitions, fundraising, equity and debt finance as well as share-based incentive schemes.
We also frequently advise clients on their business exit strategy, whether advising on structuring a family business to be desirable to a particular type of buyer to preparing a management team for a management buyout (MBO), undertaking vendor due diligence or structuring succession through family investment companies (FICs) or family trusts.
FICs and family trusts can be useful vehicles for facilitating succession in a tax efficient way. Our team works closely with our trust, wills and estates colleagues to tailor and put in place such structures in light of each client’s desired outcomes, including documenting family charters or constitutions in order to plan for future generations. By truly understanding our clients’ needs and objectives, we can assist our clients to plan for the future, and guide them through their exit from the business and beyond.