Estate teams have jointly completed deals in excess of £200 million in the last 12 months, of which half were corporate transactions. At BRM we pride ourselves on being a regional firm that consistently competes for work against the larger firms in the City of London, which is a clear testament to the quality and experience of our colleagues and the firm’s reputation. What impact do you expect the success of this deal to have on the care sector across Yorkshire and Nottinghamshire? We have encountered significant challenges because we had to deal with the buyers’ solicitors, who in turn had to report to the fund based in Paris and their solicitors. In the end, we had to forge a joint effort with the buyers’ solicitors to satisfy the requirements of the fund and their solicitors to get the transaction over the line. This was a large transaction with multiple moving parts that required regulatory approval from the Care Quality Commission to complete. This meant that the transaction worked on a split exchange and completion mechanism with a longstop date, meaning that once the vendors and the buyers exchanged contracts the clock started to tick and it was all hands on deck to obtain the required regulatory approval before the longstop date. Also acted as Advisers on the transaction Acted as Lead Advisers on the transaction This deal is one of many large multijurisdictional deals that BRM have advised on in the last 12 months. At BRM we pride ourselves on being a regional firm that consistently competes for work against the larger firms in the City of London. 104 LAWYERMONTHLYOCTOBER 2022
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