A Belfast based telecommunications company, Connect Telecoms Holdings Ltd, had ambitious plans for rapid expansion. The entrepreneurial owner intended to acquire several other businesses across England and Scotland to achieve this. The company intended to prove that it’s possible to successfully build up a business into other markets from a base in Northern Ireland.
Connect instructed a partner of the firm, Aleric Turtle, to act on their behalf. He conducted thorough legal due diligence on eight GB companies targeted for acquisition. Aleric acted in the acquisition of the shares and assets of the companies and negotiated the sale and purchase agreement and all ancillary documents. Aleric achieved this in only two years by matching his client’s determination to grow the telecommunications business rapidly and successfully.
The company went on to reach its five-year profit targets in only three years. This accomplishment drew attention from the wider business community and led to the sale of Connect to the company’s investors for several million pounds. Aleric Turtle acted on behalf of the owner who enjoyed a successful exit from the business and looked towards the next venture.
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