Preferred deal for Post CTI

Preferred deal for Post CTI

Harrogate based commercial law firm Davidson Webber LLP have assisted in the successful share buy out of Harrogate based Preferred One Stop Techologies Limited (POST). Neil May, MD of Post has bought-out his co co-shareholders in a deal valued at £1.6M. Davidson Webber worked alongside Teresa Florentino of Haines Watts Accountants in Leeds – who provided corporate finance and tax advice to Mr May, Addleshaw Goddard – who represented the financiers, RBS Invoice Finance Ltd – and Leeds based Lee and Priestley Solicitors acted for the outgoing sellers.

Neil Large (corporate partner at Davidson Webber) commented "this transaction was one of a hat trick of corporate deals closed by us in one week with an aggregate value of in excess £8M". "The timetable for the deal was quite tight it had to be done within 2 to 3 weeks. In the end the deal was closed on time, within budget and with a very happy client, the legal process went very smoothly indeed" he addeed.