Murphy Salisbury have recently completed negotiations to raise £5m finance for the acquisition of a production site.
Steve Smith was engaged in the negotiations with the vendor of the production site for over 6 months until he was successful in securing a deal. During this time he was successful in raising full fundraising and was able to prepare the business plans.
Completion of the deal has secured the clients manufacturing site and as a result it allows for future development and expansion.
The lawyers involved in the deal were Robert Lee and Emma North of Wright Hassall in Leamington Spa and the finance was provided by Lloyds TSB Commercial Finance. The bank's managers were Roger Scott and Phil Perry.
