Our Corporate Finance team advise on Boots MBO
Our Corporate Finance team assisted on a management buyout of a Boots store in Cowpen, Blyth.
The team assisted Boots employee, Debbie Hepple in the MBO, which will launch as Eden Pharmacy and Healthcare in April.
Debbie Hepple, owner of Eden Pharmacy and Healthcare, said:
“The store is a high dispensing business that provides vital healthcare services to the local community. Thanks to the expert advice and financial modelling I received from Lee and the team, I was able to secure additional funding to complete the MBO during these challenging times and I am very much looking forward to what the future has in store.”
Lee Humble, Associate Partner, who assisted Debbie in the MBO added:
“It was a pleasure to act for Debbie. Eden Pharmacy and Healthcare will play a key role in the community’s healthcare services, which are more critical than ever in the current circumstances. I wish her the very best of luck and look forward to watching the business grow.”
Clarke Mairs LLP provided legal advice to Eden Pharmacy and Healthcare on the MBO.
Alex Robson, solicitor at Clarke Mairs, commented:
“I am delighted that Debbie and the team at Eden Pharmacy have completed their take-over of the Cowpen Boots store, and have absolutely no doubt that they will be successful in keeping this important part of the local economy going.
It was great to work alongside Lee and the team at MHA Tait Walker on this transaction, in order to secure a positive outcome for Debbie.”