The client who was running ten Practices through a tax-consolidated group had an offer to purchase five of their clinics.
The client required advice on how to restructure to enable the larger sale to go ahead along with managing the buyout of a business partner in one of the Practices to enable the larger sale to proceed.
The client needed a strategy on how to restructure their operations to enable the sale to proceed and the potential tax implications of this transaction.
There was also a 50% unrelated shareholder as part of this group. A separate buyout was required to enable the larger sale to go ahead.
The transaction is still a work in progress but the team from Gild Legal has been vital to ensure the key chain of events is triggered to progress with the share sale.
