Could you describe the role of Mackrell Solicitors in the acquisition of Dave Jessop by David Pierce and the key contributions you and your team made to this transaction? – Guvvy Sandhu is an experienced corporate lawyer and together with the team at Mackrell made sure that a key focus was more than just helping clients with receiving an investment. A corporate transaction (regardless of its nature) always begins with two key questions: 1. What is the reason for the transaction? 2. What are the clients aspirations once the transaction has completed? The nature of these questions means that the negotiations and related paperwork is then crafted around the responses to these questions and ensure that the commercial reasons for the transaction itself are the forefront. If such questions are absent then the risk is that a transaction becomes mechanical and not client focused. What made Mackrell Solicitors the best suited team to work with Dave Jessop on this acquisition? – The responses to this question could be the basis of its own article! With a wealth of experience in deal structuring and advisory, the team at Mackrell solicitors were able to guide our clients as to what is relevant and what is not. This ensured a seamless and efficient negotiation as all parties were concentrated on the transaction specific item and not, “A negotiation for the sake of a negotiation.” Early stage due diligence – the team at Mackrell always review due diligence from both the perspective of an investor and target business so that any potential areas of discussion and opportunity can be considered and managed at an early stage. 8 LAWYER MONTHLY FEBRUARY 2024 Dave Jessop Ltd’s Management Buy-in David Pierce, a private investor has invested in Dave Jessop Ltd, a Yorkshire industrial roofing and sheet metal fabrication business. Dave Jessop is a family-run business specialising in industrial, domestic and agricultural markets. They provide products to their local area as well as to a wider UK market. This acquisition is set to see Dave Jessop Ltd thrive under David Pierce and his team lending their invaluable skills to grow the business. Mackrell Solicitors provided legal advice to the sellers of this acquisition. www.mackrell.com An Interview with Guvvy Sandhu and Chris Lane Mackrell Solicitors
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