Kuits advises Hollowood Chemists on acquisition of North West pharmacy portfolio26 Oct 2015
Manchester commercial law firm Kuits has advised pharmacy group Hollowood Chemists Limited in its multi-million pound acquisition of WA Salter (Chemists) Ltd.
The deal sees the Cheadle-based group take ownership of six pharmacies across Lancashire and Merseyside, bringing its total portfolio up to 17.
Kuits, which specialises in advising businesses growing through acquisition, provided a full commercial and legal service encompassing corporate, commercial property, employment and funding advice.
Corporate associate Helen Mather led the transaction alongside corporate senior associate Jan Winstanley, who advised on the corporate banking aspects of the deal, and commercial property partner Stephen Lopeman.
This transaction is only the latest is a series of significant acquisitions undertaken by Hollowood Chemists. In August 2014, Kuits advised the group on its multi-million pound acquisition of shares in J Simpson Chemists Limited and Clamary Limited, which saw it add a further five pharmacies to its growing roster.
Rajesh Patel MBE, director of Hollowood Chemists, sits on the board of the National Pharmacy Association (NPA) and was awarded his MBE in the 2013 New Year’s Honours List for his services to pharmacy.
He said: “Our acquisition of six new pharmacies continues what has been a period of significant growth for the business. The team at Kuits has been invaluable in providing the best possible advice on all aspects of our transactions and wider commercial strategy, and I would not hesitate to recommend them to other businesses with ambitious growth aims.”
Helen Mather said: “We are delighted to continue to advise Rajesh and the team at Hollowood Chemists on their long-term growth strategy.
“We would advise anyone looking to grow through acquisition to ensure they enlist trusted advisors that understand their approach and can therefore provide a complete commercial service from start to finish – from due diligence, to funding options and, finally, the integration of the two businesses.”