Buying an auto garage: £300k+ SPV share purchase funded by personal borrowing
6-Figure Cash Free Debt Free Share Purchase
By Malcolm ZoppiOther
Key facts
- Deal type
- Share purchase
- Sector
- Other
The Transaction
Zoppi & Co acted for a professional client in acquiring an established auto garage business for over £300,000. A special purpose vehicle (SPV) was used to act as the buyer, with the acquisition financed by debt raised personally by the individual and subsequently loaned to the SPV.
The Client's Objectives
Our client, a professional seeking to transition into group ownership, is building a portfolio of businesses. This garage acquisition represents a strategic step in creating a multi-company group.
Our Role
We provided comprehensive legal advice on:
- Structuring the acquisition through an SPV
- Drafting and negotiating the share purchase agreement
- Conducting due diligence on the target business
- Advising on the financing structure and loan documentation
- Managing completion and post-completion matters
Outcome
The transaction completed successfully, providing our client with a solid foundation for their buy-and-build strategy.
Malcolm Zoppi, Managing Director at Zoppi & Co, said:
"It was a pleasure working on this acquisition. I'm delighted we could help enable the client's goals."