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Professional services - Partner Buy Out

Sector: Solicitors | Value: £120,000
Equipment type: N/A | Term: 12 months

Solicitor firm required finance to buy out an exiting partner

Opportunity:

Solicitor firm had an exiting partner and required finance to buy out that partner.

 

Approach:

We were approached by the firm to assist. Working with the firm's finance director, we were able to tailor a competitive funding solution with a leading professional practices lender

 

Solution:

A loan spread over a 12 month period supported by a personal guarantee from the remaining partners was arranged, within a tight deadline

 

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