Three Continents. One Deal
PROJECT IGNIS - About the client
Established in 2000, OD Fire Protection Ltd was set up to specialise in fire protection, soffit insulation and acoustic barrier services to the construction industry.
what did they want?
The Shareholder, a South African national, wanted to repatriate and wanting a clean exit solution to accommodate this. Our brief was to sell 100% of the share capital on his behalf.
what we did
Following instruction, we completed a full information memorandum and executive summary for the opportunity, including financial history, forecasts, cash flows, net profit adjustments and valuation projections.
Research identified a variety of potential trade purchasers.
We received 32 non-disclosure agreements and sent out 24 full information memoranda, resulting in three requests to meet the Shareholder.
One of the interested parties was a UK national living and working in New York who was looking to relocate back to the UK with his family. Having seen the advert for the business on the Lucas & Weston website he contacted us to arrange to meet with Vendor in London.
Despite the buyer having no formal fire prevention experience, the business was a good fit being run under management. A suitable offer was negotiated.
The deal involved parties from the US, South Africa and a UK Limited Company. Multiple time zones and multiple continents.
Following a successful legal and due diligence process a deal was concluded, and the business transferred.
Dan Stokes (Managing Director)
OD Fire Protection Ltd
can we help you?
Want more information or want to discuss hiring a broker? Call me NOW on 0845 644 0266 from the UK (local rate charged). Callers from outside the UK, please dial +44 (1225) 460 777.