Greater London
2016
The company owned residential, retail and office properties across central and greater London and had been established in the latter 1800s. The shares had been tightly held by the descendant of the founding family who had grown in number to over 50. The shareholders had come to the conclusion that they would rather sell the company as a whole so that each had greater control and liquidity in their financial affairs. UK Land’s offer for the entire company met the shareholder’s desired valuation and the transaction was completed in line with the departing shareholders’ target timetable.
Midlands & North
2014
Whilst focused on Leicester, the company owned residential, retail, office, industrial properties throughout the Midlands, Northern England and North Wales. It had been established in the mid late 1800s and by the time of the deal there were nearly 150 shareholders which, under the Takeover Code, required a formal offer document. The offer met the valuation that the Directors were looking for and was in cash and therefore recommended to the shareholders. We were also able to offer a deferral of cash flows for some shareholders where it had benefits for their own personal finances. The transaction completed on time and as originally intended.
Devon
2018
The company owned residential, retail, office, energy and land assets throughout Devon. The company and assets had been built up by a patriarch over a number of years as he holidayed in the area. On his death, the shares were left to his children who had neither previous involvement nor future inclination to take on the management of the company. As such the Director Shareholders required a purchaser who could purchase the company in its entirety and compensate them for their loss of office. UK Land did just this at the value required by the shareholders and in an efficient manner.