Appointed to advise the seller of a hair and beauty product retailer in relation to warranty claims brought by both parties following the £20 million sale of the business. The seller had a strong £3 million claim compared to the buyer’s largely unsubstantiated but significantly higher value claim. We assisted our instructing solicitors and counsel to draft a robust defence to the buyer’s warranty claim and the case ultimately settled on a basis favourable to our client before proceedings were issued.
Appointed as advisor to the sellers to assist with the preparation of submissions to the expert in a completion accounts dispute following the £70 million sale of a group of nursing homes. The sellers were initially expected to pay out £5 million under the terms of the sale and purchase agreement but, following submissions prepared by the RS Forensic team, the buyer ultimately paid £900k to the sellers.
Valuation of a non-emergency ambulance services company and its subsidiary in the context of a claim for unfair prejudice by the father of the majority
shareholder. Our valuation was used in negotiations for the purchase or buy back of the petitioners’ shares and we provided tax advice on the structure of the settlement agreement. The valuation was made more complex as part of the shareholding to be valued had no voting rights attached, therefore the value associated with the voting rights had to be separated from the value of capital rights attributed to shares.