McBrides, a member firm of The Corporate Finance Network, completed a deal, led by Nigel Kimber, securing an EOT for a business in the construction services sector.
McBrides discussed various exit options with their client and decided that the EOT route was the most appropriate, managing the project from start to finish. They also assisted with agreeing a valuation of the business and receiving HMRC clearance for the transaction.
Nigel and his corporate finance team liaised with the client and senior managers at the company to ensure the composition of the trust board was correct, introducing an independent trustee to chair the trust board. McBrides ensured that the commercial aspects of the transaction were accurately reflected in the sales and purchase agreement by confirming with both, their client’s solicitors, and the independent solicitors acting for the trust board.
The transaction was completed, and McBrides’ assistance guaranteed that it was a smooth process.
