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DMH Stallard advised bespoke air charter business Hunt & Palmer Plc, on succession planning and the recent buy-back of its shares

20 Oct 2016

Hunt & Palmer Plc are a bespoke private jet and commercial jet service business with a leading international group of companies and with their head office locally-based in the Gatwick area.

Abigail Owen, Corporate Partner, led the team at DMH Stallard, which included advising Hunt & Palmer Plc on their succession planning and buy-back of shares. As a result, a structure was agreed to enable the exit of one of the original founding shareholders and their family from the Hunt & Palmer group in an orderly and staged manner.

Commenting on the transaction, Abigail Owen said “Having acted for Hunt & Palmer for many years, we are delighted to assist them through this period of change involving the departure of a founding member. It was important for us to be mindful of the desires of all parties involved and in doing so enabled us to work with the parties to achieve a successful outcome that works for all involved.”   

Mark Jenkinson, a director of Hunt & Palmer Plc said: “Abigail Owen and the team at DMHS did a fantastic job, sensitive to circumstances and timelines at all points. They made the transaction run as smoothly as possible for all involved and we are very grateful for their technical advice and assistance.”

Goodman Jones LLP advised Hunt & Palmer Plc on the accounting and taxation aspects of the transaction. Stevens & Bolton solicitors, advised the seller on the transaction.

For more information on this announcement or for information on other services offered by the corporate team, please contact Abigail Owen at abigail.owen@dmhstallard.com or by calling 01293 605022.

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