Birkett Long LLP acted for the sellers on the sale of their shares in Gemini Care Limited

Birkett Long LLP acted for the Sellers on the sale of their shares in Gemini Care Limited to a new corporate owner.

After being involved in the care home business for a long time and creating two respected care homes, Winchley Home and The Lodge, which have positive CQC inspections with no requirements or recommendations, finding the right buyer was key for our clients. Christies & Co healthcare specialist Robert Mellamphy assisted the owners in finding a suitable buyer.

The team at Birkett Long was led by the Commercial and Corporate Finance Team and supported by Emma Wraight, an Associate Solicitor, who provided advice on the property aspects of the transaction.

The sellers were also provided with accounting and tax advice by Russell Tenzer and his team at Hazlems Fenton LLP.

Commenting on the transaction, Commercial and Corporate Finance Team said, “With Gemini Care Limited’s business consisting of two care homes at separate locations the disclosure process was more detailed, effectively having to provide two sets of similar information for each home, but our client’s records were in good order enabling all relevant information to be provided for the detailed enquiries and warranties. The transaction also involved removal of some assets not associated with the care business prior to completion.”

One of the Seller’s commented:

“I would like to express my sincere thanks to both you & your colleagues who were involved in the recent sale of my business Gemini Care Ltd.

You were recommended to me by Robert Mellamphy & from the outset of our first meeting I was pleased with how your firm conducted itself.

The sale process proved to be involved & intricate, demanding high levels of due diligence, document processing & review, combining detailed cross references to the SPA, warranties & indemnities. As the transaction progressed your team adapted to the changing demands, time frames & work levels required, all of which increased beyond original expectations.

I'm pleased to say your professionalism & often calming influence ensured we reached a successful conclusion.

Again allow me to thank you & your team for facilitating the sale of our business which as know was a life changing decision for my family & I.”  July 2014.