McBrides, a member of The Corporate Finance Network based in Kent and South East London, has advised the shareholders of a Special Educational Needs School on its 100% share sale.
McBrides Corporate Finance Partner, Nigel Kimber, was approached by the Special Educational Needs School shareholders after they had been contacted by a potential acquirer regarding the sale of the business. The project started with a challenge as the vendors had already signed Heads of Terms however despite this, McBrides negotiated a significant increase in Enterprise Value.
In addition to this, the McBrides Corporate Finance team, including Senior Corporate Finance Manager Anthony Hawkins, managed to include cash that had already been withdrawn from the business as part of the purchase consideration. This had a significant tax-saving impact for their client.
McBrides guided the deal to completion. Their client was delighted with the service provided by Nigel Kimber and Anthony Hawkins throughout and certainly gained more than they had originally sought for the business.