Clarkslegal’s corporate team advises the shareholders of Independent Governance Group on sale to LDC

Led by Corporate Partners, Stuart Mullins and Ashan Arif, Clarkslegal’s corporate team advised the exiting shareholders of the Independent Governance Group on their multi-million pound sale to private equity investment firm, LDC. Having advised the shareholders on their management buy-out of the business in 2019, Clarkslegal were instrumental in achieving a successful outcome for the sellers. The transaction, which involved the sale of shares with roll over of some equity and loan notes, marks a significant milestone for the shareholders, who were delighted with the advice and support given by the Clarkslegal team.

Majority shareholder, Chris Martin commented: “On behalf of myself and my fellow shareholders, I would like to thank Ash, Stuart, Jacob and the rest of the team at Clarkslegal for providing us with excellent support on a complex and challenging transaction. The sellers are delighted at the outcome and are grateful to the Clarkslegal team for their expert advice, hard work and professional attitude in guiding us throughout the transaction. We would not hesitate in recommending Clarkslegal’s corporate team.“

Lead partner, Stuart Mullins, added: “This was a particularly complex transaction with plenty of challenges, both legal and practical, which we worked tirelessly to overcome in a relatively short period of time.  I’m pleased to have achieved a successful outcome for our clients.”

Clarkslegal’s corporate team specialises in advising owner-managers on the sale of their business and other exit strategies.