Jacobs Allen, a member of the Corporate Finance Network with offices in Suffolk has advised the shareholders of a specialist engineering consultancy business on the sale of 100% of their shares.
Chris Kelly of Jacobs Allen supported their client throughout the entire sale process. The business had been unsuccessfully marketed for sale a few years previously by a business sales agent but Chris was confident he could find a suitable buyer this time.
Significant interest was generated via the marketing process which included contacting ‘off the radar’ potential acquirers. One of these less obvious acquirers ended up being the successful bidder.
The Jacobs Allen team also advised on the deal structure and on the tax considerations around the disposal. They assisted the solicitors throughout in respect of the share purchase agreement, indemnities, and warranties.
The purchaser’s tight deadline for completion was achieved enabling a smooth change of ownership.
