 SELLING to a US COMPETITOR The company was a fourth generation family engineering company with a diverse shareholder base, most of whom were | descendants of the original founders. The business employed professional managers with family members holding non-executive board positions. An American company wanted to enter the UK market and was offering to purchase the whole of the share capital for an 8 figure cash sum. Our Associate Director provided support and advice to the family Directors as they considered the offer, incentivised the management team, communicated with shareholders, | oversaw the sale including the due
diligence process and the negotiations around the Sale Purchase
Agreement. The sale was completed, albeit with a significant retention against performance. At the completion of the performance period, claims were negotiated and agreed and the sale completed at a final price in excess of the shareholder expectations. Individual shareholders were introduced to tax and wealth management advice. |
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