Craig Kelly from BTMK’s commercial team delivered his expertise when entrepreneur and FinTech leader, Ying Tan acquired a significant stake in Knowledge Bank recently.
Ying Tan chose BTMK over city law firms, thanks to our experience and expertise, as demonstrated by Craig in his role as lead solicitor in this transaction.
Craig said, “Serious commercial transactions require lawyers with real expertise. When dealing with the purchase of shares in a company, there are several key aspects to consider. Carrying out sufficient due diligence about the company is vital. Knowing details about the company is so important, for example reviewing the accounts of the company, knowing if the company is part of any ongoing litigation issues and ensuring that large contracts the company has entered into will not be affected by the share purchase.
“Parties need to ensure that the documents reflect exactly what has been agreed. Heads of terms are produced at the beginning of the transaction and the paperwork for the transaction should follow the heads of terms. If the company being purchased owns property, then due diligence about the property will also have to be carried out.”
If you’re considering an acquisition, personally or through an existing business, come and speak to the lawyers that are in the know, with the experience and expertise to minimise your risk and to give your transaction the best possible chance of succeeding.
Craig talks about the deal with Lawyer Monthly
