Kent-based DJH Bexley, a member of The Corporate Finance Network, has advised on the disposal of a manufacturing business majority-owned by an employee ownership trust.
The trust board decided it was in the best interest of the company to find a buyer to drive the business forward. Led by Nigel Kimber, DJH Bexley marketed the company for sale and negotiated with prospective purchasers before agreeing a preferred bidder with the client.
The team assisted with negotiating heads of terms, which were agreed with the trust board, before supporting financial and tax due diligence and negotiating the final purchase price using locked box accounts. DJH Bexley also liaised with solicitors on the commercial aspects of the legal documentation, provided tax advice and project managed the transaction throughout.
The transaction completed successfully.
