Trade Sale Exit Enables Early Retirement for Construction Firm Boss

2nd May 2021

Whitings, The Corporate Finance Network’s representative firm in Cambridgeshire, has enabled the owner of a specialist construction business to sell-up and retire early.

The Whitings team, through one of their regular catch-ups with the business owner (early 50’s), sensed that he was ready for early retirement. With the business sale market currently so fertile, and the business in good shape, it was suggested that a trade sale would be the preferred exit route. A direct mail and digital marketing campaign was devised and launched, to circulate an anonymised Information Memorandum to a carefully researched and selected group of potential buyers.  A short-list of around half a dozen interested potential buyers was created. Early negotiations reduced this list to a quality private equity buyer, who saw opportunities to scale up in this market place. A deal , with a price in the £1m to £5m range was agreed, and we helped our client with negotiations, the heads of agreement, the share purchase agreement, the financial due diligence, the completion accounts and with general deal support.

A year, and many ups and downs later, and the ex-owner now has no excuses for not getting his handicap down.

Other items in Corporate Finance
Jaimie King
20th March 2022 Equity Financing Raised for Renewables Company

Whitings LLP, a member of The Corporate Finance Network, has successfully advised on matters surrounding raising a substantial sum of equity finance for a Renewable Energy business. The shareholders approached the Whitings LLP Corporate Finance team for advice on matters relating to raising equity investment to continue its Research & Development projects within the Renewable…

Jonathan Moore
20th January 2022 Hospitality Division Divested

Whitings LLP, a member of The Corporate Finance Network, has successfully advised the shareholders on their sale of a hospitality business. The Whitings Corporate Finance team was approached by their client after deciding they wanted to divest a hospitality business from their portfolio. The Whitings team, led by Jonathan Moore, marketed the business to a…

Ian Piper
1st December 2021 Trade Sale for Leisure Business

Whitings helped the owners of a leisure business sell up and move on to their next venture. This client had purchased the business as a going concern 15 years ago. They had spent the time since working in, improving and growing the business. When an unexpected offer arose from a national chain trying to establish…

Chris Ridgeon
9th June 2021 Acquisition Growth for Staycation Business

With the staycation in full-flow Whitings assisted an existing client in the purchase of a block of bespoke high end holiday cottages. We assisted with the due diligence, projections and structure of the deal and after acquisition the integration of this new venture into the existing business.

Ian Piper
2nd May 2021 Trade Sale Exit Enables Early Retirement for Construction Firm Boss

Whitings, The Corporate Finance Network’s representative firm in Cambridgeshire, has enabled the owner of a specialist construction business to sell-up and retire early. The Whitings team, through one of their regular catch-ups with the business owner (early 50’s), sensed that he was ready for early retirement. With the business sale market currently so fertile, and…

Ian Piper
1st June 2011 MBO Purchase of Niche Printing Support Services Business

When approached by the business general manager who had been given first refusal by the business owners to purchase the company, Whitings assisted him with transaction structuring, tax planning, raising finance and general deal support. The deal was structured with deferred consideration and bank debt, to be totally self funding over 3 years.