Nicholsons, a member of The Corporate Finance Network based in Lincoln has advised the shareholders of a wholesale business on a restructuring deal to enable the founder to successfully exit from the business.
The Nicholsons corporate finance team was asked for assistance when the owner of a family-run wholesale business decided to explore options for exiting the business. One of the most important aspects for the vendor was ensuring their long-standing clients would be well looked after following their exit. The most desirable option for the founder was to allow his son and daughter to continue running the business.
Richard Hallsworth (pictured), Corporate Finance Director at Nicholsons led the deal. Richard gave advice on how to restructure the business and also advised on taxation and other commercial aspects of the transaction.
The outcome meant the founder could step back from the business and begin to enjoy a well-earned retirement, safe in the knowledge the business would be continued to run by his son and daughter.