Frosts Chemists was a chain with five pharmacies in the Sutton Coldfield area. The company had been family owned for 80 years. However, the owners decided to sell the company primarily due to retirement reasons.
Our Corporate Finance team acted as lead advisers to the sellers. We identified several potential purchasers of the company and made contact with them, following which we engaged with them in a competitive sale process. Following this we selected Alliance Boots as the preferred purchaser. We led the negotiations and project managed through to a timely completion.