LEES, a member of The Corporate Finance Network with offices in Norwich, London, and Hampshire has advised the shareholder of a manufacturing business who wished to exit the business on their sale of shares.
The LEES Corporate Finance team was approached by the manufacturing company Director and shareholder after they had decided to exit the business. Having never been through such a process, the shareholder sought advice on various aspects.
The project, led by Corporate Finance specialist Chris Bidgood, assisted the client with valuation and negotiating a deal structure and Heads of Terms to take into account commercial and tax aspects. The LEES team assisted the company’s legal advisors to ensure that the transaction was completed efficiently and to agreed timescales.
The deal was completed within a timely manner and enabled the shareholder and business to part ways amicably, leaving the business to regain its development focus under its new ownership structure.