LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholders marine engineering business on their sale to a strategic European acquirer.
A long established and successful marine engineering business has sold to a strategic purchaser based in Europe, seeking a presence in the UK. LEES Corporate Finance team, led by Chris Bidgood, assisted the owner managers with structuring the transaction, ensuring the owners post tax proceeds were maximised. The deal also included extensive due diligence by a big four Corporate Finance team as well as ensuring the completion mechanism was fully understood by the sellers.
LEES assisted the owners throughout the process and worked alongside the solicitors to ensure that the Share Purchase Agreement was negotiated appropriately.
The deal completed successfully to ensure the long term future of the company.