Whiting & Partners, The Corporate Finance Network’s representative firm in Suffolk, has successfully advised the shareholders of a Lettings & Estate Agency on their company sale.
Chris Kelly, Partner at Whiting & Partners within their Corporate Finance team, began by confidentially marketing the business to gauge interest within the market. The process generated a number of expressions of interest, including large national chains.
Whiting & Partners acted as lead advisers throughout the deal, advising on the structure and the Heads of Terms. Chris Kelly and the team 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 in March 2019 and has enabled the major shareholders to retire and the company the opportunity to develop its potential as part of a larger organisation.