LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholders of a freight forwarding business on its sale to a larger business within the sector.
The LEES Corporate Finance team was asked for assistance when the shareholders received interest from a large operator within their sector. Having considered their options following the approach, the shareholders engaged LEES to assist them through the sale process.
The project, led by Corporate Finance specialist Chris Bidgood, assisted the client with negotiating the transaction and agreeing on the deal Heads of Terms with the purchaser, as well as advising on the key tax aspects of the transaction for the vendors.
On completion of the deal, the vendors were able to securely exit the business and enabled them to retire. The shareholders were delighted with the deal after it secured the long-term succession of the business and its employees.
