This involved acting on all aspects of the sale, including providing employment, property and regulatory advice in both islands.
Lloyds Pharmacy operated seven branches in Jersey and three in Guernsey. All employees of the business across both jurisdictions were offered continuous employment with the Co-op.
The operational requirements of the parties necessitated a complex rolling completion mechanism to accommodate employees’ interests, the regulatory approval processes and the differing concerns and issues of numerous landlords. Appleby was able to deal with these issues efficiently so that completion ran smoothly.
The team included partners Iain Millar, Stuart Tyler, John Bisson, Richard Sheldon and Niall MacDonald, Kate Westwater (Counsel), Inyene John Udoh and James Gallimore (Associates).
Appleby Jersey’s Iain Millar said: “We are really pleased to have advised the Admenta group on this matter which will continue to ensure access to pharmaceutical services in both jurisdictions.
“This deal again highlights Appleby’s multi-jurisdictional expertise as well as the experience of its specialist teams in advising on complex multi-jurisdictional transactions. It was a great team effort and we are proud of how well we work together.”
