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Beswick and Wine: Buying and Selling Private Companies and Businesses 9th Revised edition [Multiple-component retail product]

  • Formatas: Multiple-component retail product, 536 pages, aukštis x plotis: 234x156 mm, weight: 832 g, Contains 1 Paperback / softback and 1 CD-ROM
  • Išleidimo metai: 31-Aug-2014
  • Leidėjas: Bloomsbury Professional
  • ISBN-10: 1780434812
  • ISBN-13: 9781780434810
Kitos knygos pagal šią temą:
  • Formatas: Multiple-component retail product, 536 pages, aukštis x plotis: 234x156 mm, weight: 832 g, Contains 1 Paperback / softback and 1 CD-ROM
  • Išleidimo metai: 31-Aug-2014
  • Leidėjas: Bloomsbury Professional
  • ISBN-10: 1780434812
  • ISBN-13: 9781780434810
Kitos knygos pagal šią temą:
The ninth edition of this well established book adopts a practical approach, considering both the vendors and seller's perspective and providing the practitioner with a step-by-step guide to all the legal, taxation and commercial issues involved in buying and selling private companies and businesses. It includes check-lists, draft enquiries, letters of disclosure and a specimen completion agenda, together with an accompanying CD-ROM containing all the precedents in the work.

As most acquisitions in the UK are largely private sales, the companies expressed to be bought or sold in the book are unquoted; and limited by shares and incorporated under the Companies Acts; and private. As the sale and purchase process varies depending upon the identity of the party initiating it the book covers the sale process from the sellers perspective (Part I) and covers the acquisition process from the purchasers perspective (Part II) as well as looking at the acquisition agreement (Part III), post-completion (Part IV) and special situations (Part V). It also contains precedents on a CD-ROM (Part VI) including data room rules; an offer letter; share purchase; an offer letter business transfer; a due diligence request; completion agenda; a disclosure letter.

The ninth edition has updated to reflect the following changes in the law relevant to those buying and selling businesses including: Changes to competition law in the Enterprise and Regulatory Reform Act 2013 ; Case law on business sales, indemnities and warranties; Tax rates and changes including entrepreneurs relief and the most recent Finance Acts; Relevant EU law changes in the areas of company law and data protection.

Recenzijos

It would be a very brave, very confident or very reckless lawyer who did not have this book alongside when undertaking either a sale or a purchase of a private company for a client. It is a magisterial work...The ninth edition of this essential work can be unreservedly recommended. -- Stephen Bloomfield, FCIS * International Company and Commercial Law Review - Volume 27, Issue 3 *

Daugiau informacijos

Beswick and Wine: Buying and Selling Private Companies and Businesses, 9th edition is one of Bloomsbury Professionals leading company and commercial titles and provides a step-by-step guide to the sale and purchase process and the key commercial, legal and tax issues.
Preface ix
Dedication xii
About the author xiii
Abbreviations xv
Table of Statutes
xvii
Table of Statutory Instruments
xxiii
Table of EC Material
xxv
Table of Cases
xxvii
Part I The Seller's Perspective
1(80)
Chapter 1 An Overview Of The Sale Process
3(4)
1.1 The sale process
3(1)
1.2 Rationale for selling
4(3)
Chapter 2 Assessment Of Marketability
7(4)
2.1 Appointment of a lead advisor
7(1)
2.2 Preliminary review of the target
8(1)
2.3 Appointment of the project team
8(3)
Chapter 3 Preparing For The Sale
11(34)
3.1 Planning the sale
11(2)
3.2 Shares or assets?
13(8)
3.3 Tax planning on the sale of shares
21(16)
3.4 Tax planning on the sale of assets
37(5)
3.5 Methods of sale
42(2)
3.6 Timing of sale
44(1)
Chapter 4 Marketing
45(26)
4.1 General
45(1)
4.2 Preparation of the information memorandum
46(1)
4.3 Approach to prospective purchasers
47(1)
4.4 Confidentiality
48(7)
4.5 Distribution of the information memorandum
55(9)
4.6 Data rooms
64(7)
Chapter 5 Negotiation Process
71(10)
5.1 Selection of the preferred purchaser
71(1)
5.2 Negotiation process
72(1)
5.3 Response to the purchaser's proposals
72(5)
5.4 Heads of agreement and exclusivity
77(3)
5.5 Response to due diligence enquiries
80(1)
Part II The Purchaser's Perspective
81(118)
Chapter 6 An Overview Of The Acquisition Process
83(4)
Chapter 7 Acquisition Strategy
87(4)
7.1 Business objectives
87(1)
7.2 Acquisition strategy
88(1)
7.3 The acquisition team
88(3)
Chapter 8 The Search Process
91(4)
8.1 Identifying potential targets
91(1)
8.2 Selecting and evaluating potential targets
91(2)
8.3 Approaching potential targets
93(2)
Chapter 9 Negotiation
95(38)
9.1 The negotiation process
95(1)
9.2 Valuation
96(2)
9.3 Price
98(1)
9.4 Pricing structures
99(3)
9.5 Financing the acquisition
102(14)
9.6 Shares or assets?
116(12)
9.7 Tax issues for the purchaser
128(2)
9.8 Heads of agreement and exclusivity
130(3)
Chapter 10 Due Diligence
133(66)
10.1 Introduction
133(2)
10.2 Matters requiring investigation
135(56)
10.3 Forms of due diligence
191(8)
Part III The Acquisition Agreement
199(86)
Chapter 11 General Principles
201(2)
11.1 Introduction
201(1)
11.2 Plain English
202(1)
Chapter 12 Share Purchase
203(52)
12.1 Share purchase agreement or offer document?
203(3)
12.2 Share purchase agreement
206(49)
Chapter 13 Business Transfer Agreement
255(30)
13.1 Introduction
255(1)
13.2 Business transfer agreement
255(30)
Part IV Post-completion
285(18)
Chapter 14 Announcements And Notifications
287(2)
14.1 Notification of aquisitions falling within the EC merger rules to the EC commission
287(1)
14.2 Notifications
287(2)
Chapter 15 Implementing Changes To The Workforce
289(8)
15.1 General considerations
289(1)
15.2 Redundancy
290(1)
15.3 Changes to terms and conditions of employment
291(1)
15.4 The implications of TUPE 2006
291(1)
15.5 Consultation
292(1)
15.6 Changes to the target's board of directors or senior management
293(4)
Chapter 16 Stamp Duty
297(6)
16.1 General principles
297(1)
16.2 Share purchases
297(2)
16.3 Business transfers
299(4)
Part V Special Situations
303(20)
Chapter 17 Buy-Outs
305(8)
17.1 Introduction
305(1)
17.2 Conflict of interests
306(1)
17.3 Due diligence
307(1)
17.4 Shareholder consent
308(1)
17.5 Financial assistance
308(1)
17.6 Tax considerations
309(1)
17.7 Warranties/disclosure
310(2)
17.8 Assignability of warranty/indemnity claims
312(1)
Chapter 18 Buying And Selling Technology Businesses
313(10)
18.1 Introduction
313(1)
18.2 Distinguishing features of the sale and purchase of a technology business
313(5)
18.3 Due diligence
318(4)
18.4 Employees
322(1)
Part VI Precedents
323(168)
Precedent A Confidentiality letter
325(8)
Precedent B Data room rules
333(6)
Precedent C Offer letter: share purchase
339(6)
Precedent D Offer letter: business transfer
345(6)
Precedent E Due diligence request
351(14)
Precedent F Share purchase agreement
365(56)
Precedent G Limitations on warranty liability
421(6)
Precedent H Business transfer agreement
427(46)
Precedent I Disclosure letter
473(4)
Precedent J Completion agenda
477(2)
Precedent K Target board minutes
479(4)
Precedent L Power of attorney
483(2)
Precedent M Deed of contribution
485(6)
Index 491
Susan Singleton runs her own solicitors firm in London and is an author of over 30 books. She advises on shareholder agreements and joint ventures on a regular basis. Her clients range from major plcs and institutions to small start-up businesses from all over the world.