Zoppi & Co Advises on the Purchase of an Auto Garage

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."