Assynt Corporate Finance, a member of The Corporate Finance Network in Hertfordshire, has advised the majority shareholder on their purchase of shares from a minority shareholder.
Andrew Watkin, a business adviser at Assynt Corporate Finance was asked by his client for assistance about reorganizing the shareholder structure within their company.
Greenstones, a member of The Corporate Finance Network based in Peterborough has advised the shareholders of a beauty products business on its company sale.
The Greenstones team, led by Simon Chaplin, was approached by their client who had been considering the sale of their business.
Croydon-based accountancy firm MDH, has advised the shareholders of a recruitment business on their acquisition of another business.
Michael Hemme, the Founder and Managing Director at MDH was approached by his client after they wanted assistance in identifying, valuing, and completing the acquisition of a recruitment firm that was in administration.
McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the shareholders of a legal services firm on their sale to a larger practice.
McBrides Corporate Finance Team including Mark Grady and Anthony Hawkins were approached by their client who had been approached by a larger practice and received an initial offer.
LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholders of a Musical Instruments retail business on their company sale.
LEES corporate finance team was approached by a successful and established business that had sought a purchaser.
Consilium Chartered Accountants, a member of The Corporate Finance Network, provided financial due diligence services to Smedvig Capital as they invest in the Swedish tech business, Minut AB.
Based in Malmo, Minut provides remote monitoring software and hardware for rental properties and holiday homes. The $5m investment by Smedvig is the latest in a series of recent investments into fast-growing technology businesses.
Our recent survey of corporate finance professionals confirmed that the timeframe for completing deals in the OMB space is extending with due diligence taking longer and purchasers generally being more risk-averse during the sales process.
Whilst good businesses will always sell, this shift will inevitably mean that fees take longer to be raised and cashflow will take a hit.
Can you offer the necessary solutions to your clients?
The stresses from economic pressures, post-Brexit and post-Covid trading has meant that many older business owners are increasingly considering their exit and requesting help from their accountants to do so.
This is confirmed by the responses from full-time corporate finance teams in mid-tier accountancy firms who stated that ‘they have never been busier’.
As we turn the page into another year, The Corporate Finance Network has been collating the experiences of corporate finance advisers in the owner-managed business sector and sharing views on what the market is likely to bring in 2024.
Key findings include:
LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholders of an Independent Financial Adviser (IFA) business on their company sale to a larger operator seeking geographical expansion.
LEES corporate finance team was approached by a successful and established business that had sought a purchaser.
