CorporateE-vate Limited
Key Facts:
- Expert legal support on transition to Employee Ownership Trust (EOT).
- Successful transfer of a controlling interest in the business to an Employee Ownership Trust.
- Provided long-term business succession solution.
- Preserved the company's culture, independence and strategic direction.
Summary
Jurit advised E-vate on its transition to employee ownership through the establishment of an Employee Ownership Trust (EOT).
Founded in 2010, E-vate is a specialist scientific and commercial consultancy serving clients across the pharmaceutical and life sciences sectors. As the business continued to grow, its shareholders sought a long-term succession planning solution that would protect the company’s culture, reward its employees and support future growth.
Jurit was appointed to provide specialist legal advice on the transition to employee ownership and the implementation of an Employee Ownership Trust.
Challenge
E-vate’s shareholders wanted to establish a succession strategy that would secure the future of the business while maintaining the values that had contributed to its success.
The business identified employee ownership as the preferred route and wanted to:
- Protect the company’s independence and culture
- Reward and engage employees who had contributed to its growth
- Support continued growth without the disruption of a third-party sale
- Retain leadership continuity and expertise within the business
- Create a sustainable long-term ownership structure
To achieve these objectives, E-vate required specialist legal support to structure and implement an
Employee Ownership Trust (EOT) transaction.
How we helped
Working closely with E-vate’s leadership team and advisers, Jurit provided comprehensive legal advice throughout the employee ownership process.
Our support included:
- Advising on the most appropriate Employee Ownership Trust structure
- Establishing the trust arrangements required for employee ownership
- Managing the legal aspects of the share transfer and ownership transition
- Coordinating the transaction through to completion
- Advising on governance, succession planning and ongoing ownership arrangements
- Ensuring the structure aligned with the company’s long-term strategic objectives
Throughout the transaction, our team provided practical, commercial and solution-focused advice, helping E-vate navigate the legal and regulatory requirements associated with employee ownership.
Result
- E-vate successfully transitioned to employee ownership through an Employee Ownership Trust, creating a structure that supports long-term growth while preserving the culture and values that have underpinned the business since its formation.
- The transaction delivered a clear business succession solution, ensuring employees remain at the heart of the company’s future while enabling existing shareholders to retain a minority stake and continue supporting the business’s ongoing development.
- By transitioning to an employee-owned model, E-vate has strengthened employee engagement, safeguarded its independence and created a stable platform for future growt
Testimonial
“This is a significant and exciting moment for E-vate. Our success has always come from the quality of our people, the strength of our scientific thinking and the trusted relationships we build with clients. We believe employee ownership gives E-vate a strong platform for the future and reinforces what clients value most about working with us.
“Jeremy and the team at Jurit provided clear, commercial and pragmatic legal advice throughout the process and were instrumental in helping us complete the transaction successfully.”
Chris Harrison - Director, E-vate.
