Russell-Cooke advises Alissa Healthcare Research on its transition to employee ownership by implementation of an Employee Ownership Trust
Russell-Cooke has advised Alissa Healthcare Research Limited on the creation of an Employee Ownership Trust (EOT).
Alissa Healthcare Research is a UK business specialising in the development, licensing, marketing and distribution of generic and speciality medicines.
EOT’s are trusts created for the benefit of employees which then acquire the trading company so that the business forms part of the trust assets.
The transaction completed in November 2025, prior to the UK Budget on 26 November 2025, after which the tax treatment applicable to EOT’s was made more restrictive. Russell-Cooke’s corporate and commercial team advised on all aspects of the transaction. The deal was led by partner Thomas Clark, with support from legal assistant Oliver Ward.
We were delighted to support Alissa Healthcare Research on this important transition to employee ownership. Employee Ownership Trusts are a highly specialist structure, and we were pleased to facilitate completion prior to the recent changes in order to maximise its benefits. At Russell-Cooke we have extensive experience advising clients on their transition to employee ownership, and whilst the recent Budget changes will no doubt make EOT’s slightly less appealing, they will continue to be an attractive option for the right business.
The team provided clear and pragmatic advice throughout the process, helping us make our transition to employee ownership promptly and before the 2025 Budget. The process and structure involved in transitioning to employee ownership under an employee ownership trust is slightly novel when comparing it to a traditional transaction, so we were delighted to have experienced advisers guiding us through.
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