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The three shareholders of Wokingham Motors Limited were advised by FSP on the sale of the entire issued share capital of the company to Eden Motor Group for an undisclosed sum.
Wokingham Motors, which was established in 1953 and has a great reputation in Wokingham and the surrounding areas, is an official Peugeot dealer and also represents Vauxhall and Renault for aftersales. The acquisition of Wokingham Motors will further increase Eden Motor Group’s market presence in the south east region.
The transaction was led by corporate partner Jeremy Parkes with assistance from corporate solicitor Rachael Maunder. Commercial property partner Michael Higgin assisted with the property aspects of the transaction.
David Ferrar, director of the majority shareholder Thames Auto Group Limited said:
“Throughout the sale process the team at FSP took both a professional and commercial approach to advising the shareholders whilst remaining focused on achieving completion of the transaction within the timescales required.”