stevensdrake solicitors is pleased to announce that it has advised Clarendon Group on its acquisition of Moriah (Holdings) Limited, including the residential care home known as Moriah House.
The transaction represents an important step for the acquiring company in its expansion plans and further demonstrates stevensdrake solicitors’ strong experience advising clients operating within the care sector.
The deal was structured as a share acquisition, involving a number of legal and regulatory considerations typical of transactions in the care sector. The stevensdrake solicitors team worked closely with the client and their professional advisers to ensure the transaction progressed smoothly and was completed within the required timeframe.
The matter was led by Nusrat Qureishi, Head of Corporate and Commercial, with specialist support from Rodney Peters in the Commercial Property team and James Willis, Head of Employment. The team advised on all aspects of the transaction, including the corporate structure of the acquisition, property considerations relating to the care home premises, and employment matters associated with the transfer of staff.
Working to a particularly tight completion timetable, the team navigated several obstacles and unforeseen delays during the course of the transaction. By maintaining a proactive and solutions-focused approach throughout the process, the team was able to guide the parties to a successful completion.
Nusrat Qureishi, Head of Corporate and Commercial at stevensdrake solicitors, commented:
“We were delighted to support Clarendon Group on this important acquisition. Transactions in the care sector often involve complex regulatory, property and employment considerations, and it was a pleasure to work collaboratively with the client and the wider professional team to deliver the deal within a demanding timeframe.”
A spokesperson for Clarendon Group said:
“The stevensdrake team provided clear, practical advice throughout the transaction and worked tirelessly to ensure completion within a challenging timetable. Their responsiveness, professionalism and understanding of the sector were invaluable, and we are very grateful for their support in bringing this acquisition to a successful conclusion.”
Nusrat Qureishi joins us as the Head of Corporate & Commercial Law. She is a corporate commercial lawyer with more than 20 years’ experience with particular expertise in the sale and purchase of businesses and companies, as well as the establishment of partnerships and other joint ventures.
Having trained and worked for many years for a City Law firm, Nusrat has a wealth of experience of working on high-value and complex corporate transactions. Her experience extends to advising on mergers, investment, shareholder, restructuring, banking and re-financing and corporate governance work. Her clients have included entrepreneurs, owner-managers, mid-market companies, SMEs, PLCs, international corporates, private equity, banks and financial institutions, joint venture parties, LLPs, partnerships and individuals.
Client service is highly valued by Nusrat who invests time to gain a real understanding of her clients’ needs to meet their goals as effectively and commercially as possible. She aims to be involved in the preparation of a business for sale or purchase from an early stage to ensure that the process runs smoothly and without unnecessary risk, helping to reduce both time and cost for her clients. Her experience allows her to advise companies on strategy – enabling entities to realise the next stage of their growth plans and also support more sophisticated businesses to achieve their commercial objectives.
Nusrat’s approach is totally consistent with the ethos of stevensdrake where client satisfaction is valued together with the provision of a high quality service.
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