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Furley Page advises on the sale of the Forte Pharma group to Alliance Healthcare

Firm name(s)Furley Page LLP
Deal typeBusiness Sale
Industry sectorHealthcare

The corporate team at Furley Page, led by Susan Jennings, acted for Lesley and Ashley Strong, longstanding clients of Susan’s, in their sale of the Forte Pharma group to Alliance Healthcare (part of the Boots and Walgreen group).

This multi-million pound transaction involved advising on and negotiation of an NDA, heads of terms, dealing with due diligence via an electronic data room, the share purchase agreement, which incorporated completion accounts and earn-out mechanics, ongoing employment contracts, the disclosure letter and ancillary documents.

Announcement on Alliance Healthcare website: Alliance Healthcare, the UK's leading pharmaceutical wholesaler, has today announced the acquisition of its dispensing doctor partner business – Forte Pharma Ltd (including Forte Group, Forte Pharma and Forte Direct).

Alliance Healthcare has worked in partnership with Forte since 2011, to deliver its services to dispensing doctors. By bringing the two businesses together, with their individual strengths and assets, we believe we can offer an even more enhanced offering and service to the dispensing doctors market.

Recognising that the Forte brand is well-known and regarded in the dispensing doctors market, the new company will retain the Forte name.

Great feedback from our client with comments such as: “we completely trust and value your opinion” and “we offer you and your team our sincere thanks for all your help with the sale of Forte”.

The client was a pleasure to work with and we are delighted achieved their earn-out in full.

Adviser(s)Sellers: Furley Page LLP, Buyer: Browne Jacobson LLP
Completion date5th May 2017
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