Dyke Yaxley, a member of The Corporate Finance Network with two offices in Shropshire and one in the United States, has assisted the shareholders of SciQuip on their company sale to Calibre Scientific.
Dyke Yaxley, met the SciQuip shareholders after they were recommended and introduced via a third party.
The process began by conducting an exit planning session to ensure market readiness. A full marketing process was run to identify potential acquirers for the business.
The Dyke Yaxley corporate finance team assisted in providing information for the Due Diligence process (financial and tax) and reviewing the Funds Flow, Share Purchase Agreement (SPA) and legal documentation. DY assisted in the preparation of the Completion Accounts.
Dyke Yaxley advised on all aspects of the tax considerations around the disposal of the business for the vendors and in connection with the SPA.
At completion, their client commented “It was a pleasure to work with Sarah and Mark, they were both exceedingly knowledgeable and professional which quickly assuaged any fears we may have had over what could have been a stressful process. I would have no hesitation recommending Dyke Yaxley to anyone contemplating selling a business. The willingness of the M&A team to go above and beyond far exceeded my expectations at the beginning of the journey”
Involved in the deal were Mark Bramall and Sarah Hartshorn from the Dyke Yaxley corporate finance team and Pam Mason from the Dyke Yaxley tax advisory team.
