M&A solicitors for exit
There are many reasons why you might want to exit or sell a business. Whatever your circumstances, you’ll need a clear plan to make sure you have a successful transition or sale of your business.
You may have reached the end of the road with your role and want to free up time to pursue other goals, or maybe you’re approaching retirement and want to take the value out of the business. You may have a partner who wants to sell or perhaps you’ve been approached by a potential buyer. In any case, you’ll need first-rate corporate solicitors on your side to help you proceed.
Our team of experts can guide you through the options, including:
Trade sales – where a company is sold to another business often operating in the same industry or sector. Trade sales can take a number of different forms including the sale of the company’s shares, or only underlying business assets such as stock, goodwill or premises. Trade sales are also used for insolvent companies as an exit route from administration.
Family business succession planning – the process of transitioning the management and the ownership of your business down a generation. Family businesses are different from other types of businesses because on top of business management and operations, family and ownership dynamics come into play. We work closely with our private client and financial planning teams to ensure all aspects are covered when transitioning the business to wider family members
Management Buy-Out (MBO) – when the firm’s management team pools resources to buy the firm. Popular where an owner wants to retire and give the current management team an opportunity to take the business forward and enjoy the rewards of ownership.
Management Buy In (MBI) – when, on a change of ownership, an external management is introduced to supplement or replace the existing management team. Often used to add additional skill sets that the existing management team may lack.
Private equity transactions – where funds and investors directly invest in companies or engage in buyouts of such companies. Private equity is an alternative form of private financing, away from public markets.
Next steps: get in touch
If you need legal advice to help you understand your options for business disposal or exiting a business (and the pros and cons of each), contact our expert team on: 0800 533 5349 or email@example.com
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Frequently asked questions
A trade sale of a business is a type of transaction where the purchasing company (often already involved in the same industry or sector) will continue the trade of the company which is being bought. A trade sale can involve purchasing the company’s shareholding and/or its assets. Trade sales can also involve insolvent companies as an exit route from administration.
Business succession is the process of transitioning the management and the ownership of your business. For a family business the process is more complex and operational and ownership roles often overlap.
A management buy-out (MBO) is a purchase by the firm’s management team. A management buy-in (MBI) is when, on a change of ownership, an external management is brought in to supplement or replace the existing management team.
No. For a solvent company, directors can choose to wind up their company if it has reached its natural end. If a company is insolvent then creditors can apply to the Court to wind up the company.
There is no set time limit a company can stay in administration. It can last up to 12 months with possible extensions of up to six months with the consent of the Court.