McBrides’ corporate finance team have successfully managed the sale (or part sale) of a significant number of businesses in the last 30 years – from initial preparation through to completion. Today, the team is led by Nigel Kimber, who previously held the position of national Corporate Finance Director for a top 20 firm of business advisers.
Selling a business for an individual usually constitutes the most important and valuable commercial transaction in the owner’s life. It is often an emotional experience, particularly if years have been invested building the business to its current state. Significant value can be lost if the transaction process is not properly managed or the business is not ready for disposal. In April 2004, we successfully sold our own business, only to seize the opportunity to buy it back six years later. We therefore have first-hand experience of the financial, structural and emotional aspects of the disposal (and acquisition!) process.
The first step in organising a successful disposal is to establish the right structure and valuation. We ensure that the widest possible range of relevant purchasers is considered by accessing our extensive research database and network of contacts. An information memorandum is prepared at the same time as we conduct our research into potential purchasers. The latter are approached with an outline of the merits of the business to assess likely interest. With McBrides taking the lead in negotiations, the desired outcome can be achieved and the vendor is not tactically disadvantaged by more experienced corporate acquirers. In this way we smooth the path for the lawyers acting on both sides to reach a timely completion.
Aspects such as corporate and personal tax issues can also be coordinated and managed by our tax team.
Before you decide if we are right for you, you will probably want to meet us and evaluate the benefits of working with McBrides towards the disposal of your business. If you would like to arrange a personal and confidential face to face meeting with us, our free business appraisal meeting is the perfect way to evaluate our credentials and expertise in detail. Please contact Nigel Kimber or Mark Grady to arrange a convenient time to meet.