Kay Johnson Gee LLP (KJG), a member of The Corporate Finance Network based in Manchester, has successfully advised the management team of a tool and access equipment hire business on its acquisition of from the shareholders.Steven Lindsay, Corporate Finance Partner at KJG, was engaged by the management team after it became apparent the incumbent shareholders wanted to sell the business. The business had explored various trade options, of which none came to any viable offer. Therefore, the vendors went to KJG for advice about how they could exit the business.
The KJG team presented a number of options and resulted in structuring an acceptable deal for both the existing shareholders and management team.
The deal has provided the vendors with a successful exit and transition to the management team.