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The Fees? They were not just reasonable... They were more than worth it.
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The transition to employee ownership has been a long time in the planning, including seeking approval from the Solicitors Regulation Authority ("SRA") to the structure of the business. We’re delighted to be one of the first law firms to transition to this ownership structure which manages to retain the best parts of the traditional partnership structure but without the associated exclusivity. Doyle Clayton is proud to join the increasing numbers of businesses that have chosen employee ownership as the way forward, and we’re particularly happy to be an early adopter in the legal sector.
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Harry and the team at Corbett Keeling opened up doors to make this transaction work - they have warm contacts at a wide range of funders who understood just the type of transaction we wanted to do. I’d recommend them to anyone looking to sell their business to their management team.
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Business has never been as much fun as you (Jim Keeling), Harry, Richard and the team made these past few months. Your imprimatur on this deal, your Jedi performance yesterday and your superb company throughout our shared time will live long in the family folklore and get-togethers. You midwifed three complementary colleagues through a process that has enhanced a friendship as strong as it was 26 years ago.
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This deal involved a wide auction process to find the right buyer. Matt Dixon and his team from Corbett Keeling led the process from beginning to end in a highly professional manner, driving all parties towards the finish line in good time to secure the right deal for Selecta. The hands-on approach and ownership of the deal meant I had complete confidence they were managing the process and bidder negotiations to Selecta’s maximum benefit.
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Corbett Keeling played a leading role in negotiating one of the most seller-friendly deals on behalf of their owner-manager client to a private equity house I have ever seen.