After deciding to sell our business, I had mixed emotions, everything felt complicated and daunting, however, with Ryan’s professional help and advice, we were put at ease. He explained everything, assured us that he would achieve our desired outcomes and would keep us informed throughout the process. The combination of great advice, Ryan’s proactive approach and the fact he consistently went above and beyond throughout the transaction, meant we secured and completed the sale of our business in a timely manner after identifying the buyer. I wouldn’t hesitate to recommend Ryan and the PM+M corporate finance team.Lionilde Laverman - Your Castle Caretakers
About our client
Your Castle Caretakers is a cleaning / janitorial services company specialising in the education sector. The company service a range of primary schools, secondary schools and colleges across Lancashire.
How PM+M helped
The vendor wanted to exit the business to focus on voluntary work and therefore instructed PM+M to find a suitable buyer who could provide the seller with a quick exit. Following identification of a buyer, the sale was agreed within 2-3 weeks with a larger facilities management group and the legal process was underway.
Our role in the deal included:
– Engaging in a pro-active targeted marketing campaign in which we identified a range of prospective acquirers, and made confidential enquiries to the key decision makers within each company to determine their level of interest
– Processed non-disclosure agreements with each interested party
– Conducted a market appraisal and provided advice on valuation
– Advice and negotiation on the terms of the offer
– Taxation advice
– Assisted with financial due diligence enquiries
– Financial review of the share purchase agreement
– Project management through to completion
– In the interest of confidentiality, we hosted the meeting between buyer and seller at our PM+M office in Blackburn
– Liaison with legal advisers and vendor’s financial advisers
– Produced and agreed the completion accounts
The outcome
AN EXIT THAT WORKED FOR OUR CLIENTOur client was able to exit the business on their own terms and timescales, giving financial freedom to pursue their voluntary work
GOOD STRATEGIC FITThe acquirer was able to bolt-on the company to their existing operation. The acquirer provided job security to the employees and minimal disruption to clients
THE RIGHT OUTCOMEAs we had spent a lot of time in the planning phase getting to know our client well, we understood their goals and were able to ensure the proposed deal met their aspirations
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