Corporate Finance Deal Done!

Our client is a long-established print and design company,
with over 25 years in the trade. Located in Central Scotland,
the business has a reputation for great customer service,
high quality products and a strong focus on family values.
The client also boasts a list of highly regarded customers.

What type of work was involved?

When the founding director of the company decided to retire, the next generation were ready and able to continue the family business. EQ were involved with the succession planning both in the years leading up to the deal and during the deal itself. EQ assisted in projections modelling for deferred payments meaning that we could ensure that the deal was affordable for the client. We discussed the best structure for undertaking the acquisition and set up a new Holding company. We liaised with HM Revenue and Customs to request clearance, as well as liaising with solicitors to review the business transfer agreement documentation. Our team helped minimise tax liabilities for the retiring director by ensuring Entrepreneurs’ Relief was available on the deal.

Why was the work undertaken?

The sale was taking place as the founding director was planning to retire. The management buyout meant that the next generation could take over the business and the business could remain in the family. EQ advised the new management on a deal that would be affordable.

What was the outcome?

Our specialist Corporate Finance team helped support the new management team fund the £1,000,000 required for the purchase of the print and design company. We secured an excellent outcome for both the buyer and the seller.

If you are looking for more information, advice or support with a disposal or any form of Corporate Finance (CF) work, please get in touch with our CF team on corporatefinance@eqaccountants.co.uk or call one of our offices today.