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GAZETTE NOTICE NO. 12129
GAZETTE NOTICE NO. 12129
THE TRANSFER OF BUSINESSES ACT
(Cap. 500)
TRANSFER
NOTICE is given under the Transfer of Businesses Act (Cap. 500) that the nursery, primary secondary education and student boarding business carried on by Hillcrest Investments Limited (Company No:
CPR/2011/41234) ("Transferor") under the names "Hillcrest", "Hillcrest Secondary", Hillcrest International", "Hillcrest
Preparatory", "Hillcrest Early Years" and "Hillcrest Kindergarten" at the Hillcrest school facilities in Langata Road, Karen in Nairobi, will, subject to the fulfilment of certain conditions precedent, be transferred to Braeburn Schools Limited (Company No. C.111385) ("Transferee") pursuant to the terms of a business and asset transfer agreement entered into between the Transferor and Transferee on the 14th
September, 2022 (the "Agreement").
If the conditions precedent to the Agreement are fulfilled, the
Transferee intends to acquire the assets and business of the Transferor on the completion date set out in the Agreement. The Transferee shall from that date carry on the business at the same premises.
All money debts or liabilities due and owing by the Transferor in respect of the businesses of the Transferor up to the date of transfer as set out above shall be received and paid by the Transferor. Save as specifically provided in the Agreement, the Transferee will not assume nor is it intended to assume any liabilities incurred by the Transferor with respect to its assets or business up to the date of transfer.
If the Agreement is not completed, this notice shall be void ab initio and shall be of no effect.
The address of the Transferor is at:
Hillcrest Investments Limited, P.O. Box 24819-00502, Nairobi, Kenya
Attention: Jose George
E-mail: gems.globalfinance@hillcrest.acAe with a copy to Iseme Kamau and Maema Advocates of IKM Place, Tower A, 1st Floor, 5th Ngong Avenue, off Bishops Road, Nairobi
(e-mail: james.kamau@ikm.dlapiperafrica.com).
The address of the Transferee is at:
Braeburn Schools Limited, Gitanga Road, P.O. Box 40106-00100, Nairobi, Kenya
Attention: Rob Williams and Chris Childs
E-mail: ndovu@braeburn.ac.ke with a copy to Coulson Harney LLP, Advocates, 5th Floor, ICEA Lion
Centre, Riverside Park, Chiromo Road, Nairobi, P.O. Box 10643-
00100, Nairobi, Kenya (e-mail: paras.shah@bowmanslaw.com).
For and on behalf of
For and on behalf of
HILLCREST INVESTMENTS
BRAEBURN SCHOOLS
LIMITED, LIMITED, Transferor.
Transferee.
Dated the 15th September, 2022.
PARAS SHAH, MR/3851321 for Coulson Harney, LLP.
Dated the 15th September, 2022.
PARAS SHAH,
for Coulson Harney, LLP.
Extracted Entities (1)
previous_gazette_ref
12129
Details
- Act / Legislation
- THE TRANSFER OF BUSINESSES ACT
- Reference
- Cap. 500
- Signed By
- PARAS SHAH
- Title
- for Coulson Harney, LLP
- Date Signed
- 15th September 2022
- Page
- 47
- Extraction Method
- regex
Source Gazette
Vol. CXXIV No. 206
Published 26th April 2022