LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised an incumbent management team of a high-growth manufacturing business on its buy out of the business.
The LEES Corporate Finance team was asked for assistance when the opportunity arose for the management team at a fast-growing manufacturing business to buy the business from the founding shareholders.
The project, led by Corporate Finance specialist Chris Bidgood, assisted the management team to negotiate a purchase price for the shares, on the structure, and applying for tax clearances.
Chris Bidgood and the LEES Corporate Finance team also worked closely with legal advisors to ensure negotiations went smoothly and manage personalities as well as technical aspects of the deal and ensure that the team had a good understanding of the implications of all aspects of the transaction.
On completion of the deal, the vendors were able to securely exit the business and allowed the management team, now owner-managers of the business, on the ongoing development and growth of the company.
