Supporting a strategic sale in the property sector

Client overview

Founded in 1995, Keatons is a respected independent estate agency with a strong presence across East London, operating from seven offices spanning the southeast and northwest of the capital. Known for its local expertise and high-quality service, the business was acquired by Dexters, one of London’s largest estate agency networks, with over 40 offices in central London and more than 80 across the city. This transaction forms part of Dexters’ ongoing strategic expansion through targeted acquisitions. 

How we supported our client

We supported and advised our client on tax due diligence, undertaking a detailed review of Keatons Group’s tax position to ensure the business was well-prepared for sale so there were no issues for the Buyer to address. We also advised the shareholders on key tax matters, providing tailored shareholder tax advice to help structure the transaction efficiently. 

The results

Paul Mustoe, our Head of Tax who worked on the deal with Associate Director Tom Butterworth, said “Having worked with Keatons for a number of years in relation to their accountancy and tax affairs, we were genuinely delighted to assist Kye, Rupert and the other shareholders on the sale of the company. Along with the high-level legal advice they had, we were able to help them complete the transaction within 4 weeks from the signing of Heads of Terms which was an amazing achievement for a deal of this size.

The sale was completed successfully, with our advice giving the shareholders clarity and confidence, allowing them to focus on the strategic and commercial aspects of the deal.