Corporate Finance Deal Done!

Our client is a long established Financial Planning business with over 30 years in the field. With offices in several locations across Scotland, their business provides independent financial advice on savings, investments, insurance and retirement to clients privately and on a corporate level.

What type of work was involved?

EQ assisted in the purchase of an IFA Business where our specialist Corporate Finance team ensured financial due diligence was carried out on the company to be acquired. We also ensured the purchase was affordable to the client through financial projection modelling for deferred payments. Our specialists provided supportive and responsive action by liaising with solicitors and reviewing the share purchase agreement documentation.

Why was the work undertaken?

The client was looking to expand their business and it was felt that purchasing this IFA business would be complimentary to their current business strategy. With the client having known the vendor for many years, they knew the business ran on a similar basis to their own. The newly expanded operation would allow them to offer additional services to those clients of the vendor.

What was the outcome?

The client has now expanded their business, complimenting their existing offering which will allow them to offer additional services to their existing clients and provide access to new clients.

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.