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Walton Planting Lts sold to MBI Candidate 

Avondale were instructed to sell this plating and anodising business based in Surrey.  Shortly after the launch of the business sale project, the vendor announced that his management accountant was interested in acquiring the business and approaches to the open market were put on hold and negotiations began.

The negotiations were fairly involved as the initial sale was for a minority of shares, with the clear intention of acquiring up to 80% in the two years post completion but with options for both parties to retract from progressing in certain scenarios.

Avondale were instrumental in piecing together the Heads of Terms that suited both parties’ requirements. Avondale also introduced specialist tax advisers and appropriate solicitors to produce the final sale purchase agreement. The sale completed very quickly after initial instruction.

To talk to Avondale about your objectives, call 01737 234892 or email iod@avondale.co.uk

 

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