Jacobs Allen, a member of The Corporate Finance Network based in Suffolk, has advised the directors of an Embroidery business on the sale of its business, assets, and undertakings.

Jacobs Allen Corporate Finance Director, Chris Kelly, was approached by the directors and shareholders after they had started to consider exit options. Chris considered all potential options available to them. It was agreed that a sale of the company’s business would be likely to generate the most value. Jacobs Allen then confidentially marketed the business which resulted in expressions of interest from 14 interest parties who signed Non-Disclosure Agreements and made a number of offers.

Chris negotiated Heads of Terms on behalf of the vendors with the purchaser and also assisted with the commercial aspects of the Asset Purchase Agreement (APA). He successfully advised on the transaction through to completion. This not only enabled the original owners to retire with a capital sum, but also the three remaining employees’ to continue in their roles and the new younger owners obtain the opportunity to build on the excellent long-established reputation of the business.

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Categories: Deals

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