Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the shareholders of a warehouse solutions business their company sale.
Chris Kelly, Partner at Whiting & Partners (pictured) within their Corporate Finance team, began by confidentially marketing the business to gauge interest within the market. The process generated a number of expressions of interest across the UK. The buyer was identified using The Corporate Finance Network’s 123 Sales process to maximise interest in the business, all the while maintaining confidentiality.
Whiting & Partners acted as lead advisors throughout the deal, advising on the structure and the Heads of Terms. Chris Kelly and the team also advised on the taxation aspects of the sale, carried out negotiations with the Purchasers, and liaised with the Solicitors to ensure a smooth completion.
The sale was completed in March 2021 to coincide with the highly anticipated budget announcement.
The completed deal has enabled the major shareholders to retire and the company the opportunity to develop its potential as part of a larger organisation.