LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholders of a component fabrication business on their company sale.
LEES corporate finance team was approached by a successful and established business that had sought a purchaser. A mature family business was experiencing disruption through an ongoing dispute between shareholders. LEES assisted the business with the disposal of its trade and assets to ensure maximum value was achieved for the company for the mutual benefit of the primary shareholders, who wished to retire and bring an end to their dispute. Following the disposal of the primary assets and property, LEES assisted the majority shareholder with negotiating a settlement agreement and leading to an eventual MVL of the company. The work included obtaining appropriate tax clearances and assisting a liquidator in the course of an MVL to distribute the proceeds of the asset sale.
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.