Advising St Nicholas Court Farms Limited in sale of business
We acted for St Nicholas Court Farms Limited (the Company) in the sale of the entire issued share capital of the Company's wholly owned potato packing subsidiary to a group company of Jersey Royal (Potato Marketing) Limited (JRPM).
JRPM is a Jersey registered company and as such it was necessary to obtain legal opinions in respect of their authority and capacity to enter into the share purchase agreement and grant redeemable preference shares to our client.
We acted for the Company in preparing its subsidiary for sale (including a pre-completion hive up of the business and assets not required by the purchaser) and drafting transaction documentation for the sale.
Experts from other asb teams were drafted in to assist: property (negotiating leases, licences and property elements of the SPA including security), employment (TUPE aspects of the hive up element) and commercial (trade mark license and transfer of domain name).
Published: 13 Sep 2011