Gatherwell recently enlisted the help of Addis Law in the sale of our business to an internationally listed company. Having shaken hands on a deal with the other party, the reality of turning a broad agreement in principle into a set of documents that both parties could agree on was an interesting and at times challenging process, made even more complicated by the international dynamic of the deal.
Sally, Lisa and Jane were the dream team in terms of their combined skills and were fantastic throughout the process keeping the project moving, working with us to protect our interests whilst recognising that we needed to concede in places to reach consensus, and ultimately getting to a finalised set of agreements that saw the completion of the deal take place in November 2019.
As the smaller party in the deal there was the potential to have been squeezed by the bigger player, especially in the less obvious areas a deal like this covers. The team at Addis Law helped frame each of the issues in the contract in a succinct and easily digestible way that enabled us to trade certain points to land on a good deal that both parties were happy with.
Legal teams always look to write contracts with the worst case scenario in mind and therefore with luck, many of the hard fought for protections that are in the final draft of our contract will never need to be used, however it is the safety net that they provide that is the real value in having a professional team on your side.
Whilst we don’t (currently!) have any other businesses to sell, we’d love to work with Addis Law again in the future and would highly recommend them to others should they be looking for a professional team to help navigate them through a sale.