Kay Johnson Gee LLP (KJG), a member of The Corporate Finance Network based in Manchester has advised the owner of an Engineering business on its sale for £750k.

The KJG team, led by Corporate Finance Partner Steven Lindsay, was approached by his client when they decided to consider options for selling their business in what is a very active M&A market. Having never had experience during such a situation, the owner sought advice from KJG to discuss identifying buyers and advising on the transaction.

Steven and the Corporate Finance team assisted the client, first by creating a full market list of potential buyers. There were a number of interested parties that came forward. Once the shareholders decided to move into exclusivity with one buyer, negotiations began with the purchaser to agree on Heads of Terms. The KJG team also assisted with legal aspects liaising with solicitors to the vendor, advised on commercial details of the Share Purchase Agreement and prepared completion accounts which were fundamental to agreeing the final consideration.

The outcome was a successful sale of £750k for the shareholders who could now enjoy a well-earned retirement.

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Categories: Deals


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