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Thursday, May 23, 2024

Vincents’ corporate team wraps up £12.5m in deals

Vincents Solicitor’s corporate team has completed £12.5m in deals for clients since the start of lockdown in March.

The market has continued to see transactions completing, despite the challenges brought by Covid restrictions, and the Lancashire law firm’s corporate team is looking to expand in the new year.

Deals have involved sales and acquisitions of asset and shares across a range of commercial sectors nationwide, primarily for nurseries, care homes, care agencies, professional services firms and agricultural holdings.

While some have seen delays due to government movement and proximity restrictions, and concerns over funding, the level of activity shows there is still an appetite for investment according to Head of Corporate Matthew Scott.

He said: “While there has certainly been some difficulty in getting deals over the line where circumstances have changed or funding has had to be renegotiated, those deals have still managed to complete.

“Brokers and solicitors have also had to be more fluid in terms of creating new deal structures that work for both parties in these ever changing times.

“How new deals will play out as we head into 2021 is hard to say, but the people we’re talking to remain positive and, as with any economic shift, opportunities will present themselves for those willing and able to take advantage.”

Vincents corporate and commercial department is based at the firm’s Jubilee House office in Lytham. Headed by Matthew Scott (corporate) and Craig Aikman (commercial) the team operates nationally, regionally and locally working with clients right across the UK.

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