Chattertons advise on the sale of SW Cars Group car supermarket in Peterborough
Chattertons' corporate, commercial property and employment teams have advised the shareholders of SW Cars Group on their sale to Big Motoring World for an undisclosed sum. The acquisition increases Big Motoring World's number of used car supermarkets to five. The two sites in Peterborough that form part of the deal are prime retail sites which have been very successful for SW Cars.
Chattertons advised on all aspects of the deal and was led by Adam Gilbert (Head of Corporate) and Jonathan Blythe (Head of Commercial Property) with support from Deni Slaveva (Corporate) and Kayleigh Howarth (Employment).
Commenting on the sale, Adam Gilbert said "This was a great deal to be involved with, particularly at a time when used car prices are high and the industry itself is very busy. We believe that we achieved a very good outcome for the sellers who we know are happy with the result, advice and support.”
Jonathan Blythe commented "Having previously purchased the sites a number of years ago for SW Cars, it was great for me to see the progress that they have made with business and to be asked to advise them on a successful sale years later.”
Chattertons work with a number of sellers to help them prepare for sale, tidy them up and conduct legal audits. We can also discuss structuring or introduce you to corporate finance and business agents who could find you a buyer.
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