MAP, a member of The Corporate Finance Network, based in Manchester, has supported a client with the sale of its company, a CRM software business which specialised in the dental sector.
Samuel Jedrzejewski, Finance Partner at MAP and Finlay Keigher, Client Accountant, handled the due diligence information requests and tax queries from the purchaser and its advisers.
They also reviewed the legal documentation including the appropriateness of the warranties and supplied evidence for the disclosure process.
The client was delighted with the process and that the consideration was structured to be paid 100% on completion.
The non-active shareholders have exited, with the remaining shareholder continuing his role of Managing Director for the acquiring company.
The success of this transaction demonstrated the quality of MAP’s service to its clients, who are guided to have financial maturity and good accounting records. This creates a positive impression when dealing with potential purchasers, ensuring the due diligence process is relatively smooth with a clarity of the data provided.
