26 April, 2011
Forbes Solicitors recently acted for Yorkshire Bank who provided the financing for the management buyout of Blackburn based accountancy firm Douglass Grange.
The buyout follows the retirement of founding partner Ian Douglass, who will continue to work for the business in a consultancy capacity.
Pauline Rigby, Business Law Solicitor and Adam Bromley, Commercial Property Solicitor acted in the deal which was funded by the Yorkshire Bank's Investing in Growth Package which aims to offer a dedicated business planning service and flexible investment opportunities.
Pauline Rigby comments, "It's great to see local banks funding local management buyouts such as this and we wish all parties the best of luck for the future."