
I would like to express my thanks to Stephen and the PM+M team for providing exceptional guidance and support throughout our transition, ensuring a smooth and successful outcome. Their expertise gave us confidence at every stage, helping us navigate complex negotiations while maintaining strong relationships. Thanks to their professionalism and strategic advice, we achieved a positive result that secures the future growth of the business. We couldn’t have asked for a better partner in this process.Terry Slade, Ziebe Limited
About our client
UK-based Ziebe Limited are the sole concessionaires of Foerch GmbH & Co KG. It specialises in the supply of automotive aftermarket, commercial, agricultural, industrial, building, engineering and marine ‘C-parts’ exclusively to trade customers. It partners with market leading suppliers and distributes daily via their central logistics centre.
How PM+M helped
Alongside our tax team, PM+M corporate finance provided a full deal support offering to the shareholder of Ziebe, supporting the negotiation of heads of terms, the cash extraction mechanism, providing clarity for key employees post deal and also the negotiation of the SPA, plus full support throughout the financial and legal due diligence process of the buyer.
This was particularly helpful to the shareholders of the company given the buyer was its German distribution partner who were unfamiliar with UK M&A, and its usual operations and concepts.
The outcome
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A successful exitThe client received full consideration plus free cash up-front
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A secure futureA successful outcome for the company under a larger corporate ownership that will support its ongoing growth in the UK market
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Maintaining relationshipsWhile in many transactions, tensions can develop between buyer and seller, in this case it was crucial that a positive relationship was maintained as both parties have a long-standing association. PM+M were able to ensure that sometimes challenging negotiations remained positive throughout
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