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.
Croydon-based accountancy firm MDH, has advised the owners of an estate agency on its acquisition of another business to assist with its acquisition strategy.
Michael Hemme, the Founder and Managing Director at MDH was approached by his client after they wanted assistance in identifying acquisition targets and completing an acquisition.
Consilium Chartered Accountants, a member of The Corporate Finance Network, acted for the shareholders of JWF Process Solutions as Nevis Capital acquired a significant stake in the Glasgow-based specialist engineering firm.
JWF Process Solutions, specialists in measurement and instrumentation products and services for the oil and gas, petrochemical,
LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholders of a wine import and distribution business on their company sale.
LEES corporate finance team was approached by a successful and established business that had sought a purchaser.
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 another recruitment firm.
“Achieving Excellence in All We Do” is the theme of The Corporate Finance Network’s forthcoming national conference at the world-class venue of Mercedes-Benz World in Weybridge, Surrey.
Sessions will seek to upskill the delegates from the corporate finance teams in those accountancy firms who are members of The CFN as well as launch various projects from our central resource to continue to support them as they see a rapid a rise in corporate finance activity in their local SME markets.
The annual benchmarking data for their accountancy firm members has been released by The Corporate Finance Network who has itself welcomed four more accountancy firms to their network in the past 12 months.
Key findings are:
