Asset Sales & Acquisitions
Asset or business purchases allow Buyers to cherry-pick certain identified assets and liabilities which are agreed with the Seller.
This may be a certain division of the Company which is being sold off separately. There are many more third party consents and approvals required for an asset purchase, as unlike with share purchases, contracts or existing trade arrangements are not automatically transferred to the Buyer.
To transfer any ownership of the assets, approval and consents may need to be granted by customers, suppliers and landlords for the assignment and novation of existing contracts.