Transaction One – Sale of ‘Suresense Technologies’
Equitable law was delighted to assist the selling shareholders with regard to their transfer of the shares in Suresense Technologies Limited based in Newquay, Cornwall.
Suresense Technologies (www.suresense.co.uk) creates energy efficient technology solutions for the energy intensive industrial sector - which are designed to reduce the energy costs for businesses by optimising energy usage (so as to drive company profits and reduce CO2 emissions) and ensure health and safety compliance all over the world.
The purchaser was a new entity established by entrepreneurs well known in the industry sector and backed by Percipient Capital. Percipient Capital (www.percipientcapital.com) (founded by various former of Directors of HSBC Ventures) is a leading independent provider of private equity and venture capital to small and medium sized businesses, and their finance is intended to allow Suresense Technologies to develop further.
Transaction Two – Sale of the Business & Assets of ‘Better Eyewear’
Equitable Law has also recently assisted with the transfer of the business and assets of Better Eyewear Ltd to Spec-Care Ltd (based in Exeter).
Better Eyewear was the UK distributor of “Erin’s World’ spectacle frames, a high-profile design of glasses frames - founded by U.S. entrepreneur, Maria Dellapina (www.specs4us.com) & designed for patients (and especially children) with Down’s Syndrome.
The sale should allow the highly successful UK launch of the product to be further developed under new ownership (with more resources to devote to marketing & distributing the products).
Further details of both transactions are confidential between the parties, although Equitable Law was delighted to be able to assist both sets of ‘sell-side’ parties using our well-developed approach of minimal necessary input to the transactions, seeking to add value (as and where appropriate) but leaving the majority of administrative (/ non-legal) work to be undertaken by the principals involved – this considerably limiting the necessary legal spend incurred by clients.
If you would like to discuss Equitable Law’s assistance with your transactions and our approaches to economic & efficient closing of deals , please do not hesitate to contact the writer
