McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the shareholders of a Manufacturing and Distribution business on its sales to a competitor having been approached while not actively looking to sell.

McBrides Corporate Finance Partner, Nigel Kimber, was approached by his client as they sought advice after the business was approached by a well-known competitor. The shareholders were not actively looking to sell however after determining the approach was serious, they engaged the McBrides corporate finance team to discuss options available to them.

Nigel and the McBrides Corporate Finance team undertook a myriad of tasks throughout the project. They produced an information memorandum to enable the buyer to provide an offer for the entire share capital. McBrides successfully negotiated a significant increase in the purchase price and negotiated heads of terms agreeable for both the buyers and sellers. After heads of terms were signed, McBrides assisted with due diligence, agreed on the working capital target, and liaised with solicitors on the commercial and financial elements of the Share Purchase Agreement.

The deal was completed successfully with McBrides significantly increasing the sale price for their client.

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Categories: Deals


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