Sale of Pump Supplier Business
6th February 2018Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the shareholders of a pump supplier to a global competitor.
The Whiting & Partners team, led by Chris Kelly, marketed the company for sale which led to a number of meetings and subsequent offers from a range of interested parties. The client, using the advice from Whiting & Partners, selected a preferred purchaser.
Whiting & Partners acted as lead advisors throughout the deal, advising on the structure and drafting the Heads of Terms. They also advised on the taxation aspects of the sale, carried out negotiations with the Purchasers and liaised with the Solicitors to ensure a smooth completion.
The sale was completed at the end of 2017 and has enabled the major shareholders to retire and the company the opportunity to develop its potential as part of a global group.
