Jacobs Allen, a member of the Corporate Finance Network with offices in Suffolk, was approached by the founder of a very successful specialist contracting business in the construction sector, who wanted to retire and sell the business. Chris Kelly marketed the business for sale ultimately obtaining a third party offer to acquire the shares.
However, the owner was keen to let the senior employees have the opportunity acquire the company and Chris then brokered a mutually agreeable Management Buyout deal with them.
The transaction completed successfully enabling the owner to retire and the senior employees the opportunity to own the company and take it forward in future.
