LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholders of an Independent Financial Adviser (IFA) business on their company sale to a larger operator seeking geographical expansion.
LEES corporate finance team was approached by a successful and established business that had sought a purchaser. They received an offer from a larger business which strategically made sense to both acquirer and vendor. The LEES corporate finance team assisted the vendor with negotiation of the share sale, including an earn-out mechanism, and worked closely with the legal advisors to complete a sale to a relatively tight deadline. The deal was led by LEES Corporate Finance specialist Chris Bidgood.
The transaction was completed successfully to secure the vendor’s smooth exits and the succession of the business.
