Nominations are open
Enter now

Marlow: Moorcrofts advises on Conduit Mead restructuring

By Dan Teuton
27 October 2017
Share

Marlow-based law Firm Moorcrofts’ corporate team has advised Conduit Mead on the multi-million-pound corporate reorganisation of its various business interests and assets. The reorganisation now provides the shareholders with separate trading, investment, property management and venturing divisions.

Conduit Mead, incorporated in 1925, was an investment company with interests across a wide breadth of property ranging from residential, office, industrial and retail throughout London and the South of England as well as holding a varied portfolio of other entrepreneurial investments.

The reorganisation of Conduit Mead's complex business and assets has led to a simplified corporate structure with the creation of three distinct trading companies. The process included various share exchanges, asset transfers, complex dividend arrangements, and demerger arrangements and dealing with new shareholder relationships including shareholder agreements and new articles of association.

As a result, Conduit Mead and its shareholders can now enjoy lower administrative expenditure, greater tax efficiency, reduced management burden and each division can now focus on its specific objectives.

The Moorcrofts team advising was led by corporate partner Teri Hunter and senior associate Will Pearce.

Nicholas Foster, managing director of Conduit Mead Holdings, said: "This was a lengthy and multi-faceted process, and the very capable Moorcrofts team provided the board with sound and timely advice throughout, not only in relation to the reorganisation plan, but also, crucially, when unexpected problems surfaced."

Hunter said: "It was a pleasure to assist Conduit Mead during this complex process and we wish Nick Foster, Julian Fagandini and the rest of their team all the best for their future."

Conduit Mead was also advised on the transaction by RSM tax accountancy and restructuring teams.


Related topics