Owner Managed Business

Client: Software company

Scenario: Start-up and development of a business originally with 10 employees, some of whom were shareholders as well as managers.

Weightmans’ Involvement and Action: We helped our clients to secure initial funding, including the preparation of a shareholders’ agreement and investment agreements. We also advised on the securing of a property to trade from and provided intellectual property advice on the development of their new products. As the company became established, we advised on contracts for software development work, contracts of employment and employee incentive schemes.

Result: The business grew very rapidly and within 3 years had nearly 100 staff and a £multi-million turnover. At this stage, we assisted the managers in a carefully planned exit by selling the company to one of its major customers.  This released value to the owner managers and shareholders, and secured the long term viability of the business by aligning it with one of its key strategic partners.