Lawrence Stephens’ corporate team acted on behalf of MM-Eye in connection with the sale of the company’s shares to an employee ownership trust which will now own the company on behalf of its employees.
MM-Eye, a market research agency, was formed 15 years ago and has transitioned through several owners, most recently being acquired in 2020 by its longstanding management team. The latest transition towards employee ownership represents an exciting development for the business, empowering MM-Eye’s employees to have a say in how the business is run and to share in the profits which it generates.
The team was led by James Lyons, Director in the Corporate and Commercial department at Lawrence Stephens, also working closely with MM-Eye’s accountants Beavis Morgan.
James Lyons commented: “It was a pleasure to provide legal advice to MM-Eye and their management team in helping them deliver on their commitment towards employee ownership of the business – a “win-win” for all stakeholders, and an exciting new chapter for the business. We look forward to seeing MM-Eye go from strength to strength.”
Damien Field, Managing Director at MM-Eye, said: “We are very pleased to have completed this transaction with notable support from James Lyons and the team at Lawrence Stephens. James provided invaluable advice with a keen grasp of the particularities of a sale to employee ownership and enabled a smooth process from start to finish.”