LEES, a member of the Corporate Finance Network with offices in Norwich, London, and Hampshire has advised an engineering business on a disposal.

Chris Bidgood, Corporate Finance Director at LEES Accountants, was approached by a fast growing and innovative engineering business who were seeking a partial exit and a long-term investor to secure long-term succession and facilitate future growth.

They sought and approached possible acquirers and conducted meetings with credible parties.  The eventual acquirer was selected, and LEES assisted with the extensive due diligence process as well as co-ordinating the legal advisors.  The deal timetable was fairly short, and LEES ensured that momentum was maintained to complete a mutually beneficial transaction.  Having assisted the client with planning for an exit over a few years, the company was very well placed for a sale and the vendors saw the benefit of the planning with a much less stressful due diligence process.

The deal completed successfully, working closely with the client and the legal advisors, to allow the business owner’s de-risking and having achieved a deal that secures the long-term future of the business they had nurtured.

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Categories: Deals