LEES, a member of The Corporate Finance Network with offices in Norwich and London, has successfully advised the Director of a manufacturing business on the sale of a subsidiary to management.

With succession planning in mind, the directors of an established manufacturing group approached the management team of one of its subsidiary companies to give them the opportunity to buy the business. LEES were engaged to assist throughout the process, valuing the business, negotiating a fair price and creating a deal structure to the satisfaction of both parties.

The LEES team included corporate finance specialists Chris Bidgood (pictured) and Martin Wilson who worked with the management team and vendors respectively. LEES also provided input into the legal process to ensure the details of the transaction were understood by all.

As an element of consideration was on deferred terms, LEES prepared detailed forecasts for the buyers to allow them to understand the implications of the deal on the business.

The deal completed successfully, the Vendor has achieved what it wanted from the transaction, allowing it to realise its investment whilst ensuring the long-term future of the business and its staff. The Buyers are now enjoying the challenge of running the business themselves and have a quality business to help develop and grow further.

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Categories: Deals


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