We are delighted to have advised the shareholders of Chemist4U and Pitalia Capital on this investment, which will assist the online pharmacy business with its ambitious growth plans.
Matt Hodgson, Partner and Head of Claritas’ Manchester office commented: “It was a pleasure to work closely with the shareholders of Chemist4U and Pitalia Capital to achieve an investment structure that worked for both parties. James O’Loan and Ricardo Laverty (Chemist4U CEO and COO) and John Davies (Managing Partner, Pitalia Capital) were great to work with and we look forward to building our relationship going forward with both businesses. We are sure the business will go from strength to strength under this new partnership. Special thanks to Alex Hall, who led on the transaction on behalf of Claritas Tax and Sonia Hands for her specialist input”.
Ricardo Laverty, COO of Chemist4U commented: “Alex, Sonia and the wider team at Claritas worked incredibly hard alongside us and our other advisers to make this investment happen and I’m grateful for the effort they put in. Claritas are clearly well-versed in transactional tax matters, and they gave us the confidence we needed to proceed on the basis our tax position was both understood and optimised wherever possible”.
