Jacobs Allen, a member of the Corporate Finance Network with offices in Suffolk has advised the shareholders of a highly regarded specialist travel agency on the sale of 100% of their shares.

Chris Kelly, Corporate Finance Director at Jacobs Allen, had initially approached the client to enquire about their retirement plans. The shareholders said they were intending to run the business down and wind it up. Chris was confident that a much better outcome could be achieved through a trade sale and the shareholders then decided to entrust him to market the business for sale instead.

Chris used M&A analysis from Jack Telford to identify potentially interested parties for the marketing project. Numerous NDAs were signed in response to receiving the teaser document and Information Packs issued. Three initial meetings were held and a preferred bidder was identified.

Chris Kelly of Jacobs Allen supported their client throughout the negotiations and the solicitors in respect of the share purchase agreement, indemnities, and warranties.

The deal was completed enabling the sellers to enjoy a well-earned retirement within their preferred timescale.

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Categories: Deals


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