The owners wanted to protect the independence of the group post ownership, and a business sale to an EOT matched their wish to empower and equip the next generation of leaders and managers.
Context
We were invited by a Corporate Finance firm to co-lead this business sale into Employee Ownership. The two owners of this electronics firm wished to sell their business, but did not wish to sell out to a competitor, and see their legacy become absorbed into another business.
vfdnet Intervention
Following our established EOT transition process, together with the Corporate Finance firm, we put together a professional team of advisors, which delivered tax advice & clearance, while we generated an independent valuation report, cash flow and deal structuring advice.
We engaged with all stakeholders via our Grand Bargain methodology, ensuring that each stakeholder group’s interest had been properly thought through prior to the transaction. In addition, the client had a group of companies, with differing shareholding interests, and our work involved recommending a group re-structure as part of the deal. This re-structure and also the sale to EOT were submitted to the Revenue for clearance prior to the deal.
EOT Completion
Our work included how to engage and present to the Leadership team, and also how to present the transaction to all the employees. We were pleased by the response of both the Leadership team and the employee gathering. One person had even correctly guessed that it was a sale into an EOT!
Testimonial
“You are delightful communicators, professional advisors and have been thoughtful throughout to ensure that everyone has understood the process. Thank you to the Alinea team for getting this over the line in such a timely manner, it’s been an incredible journey” – Aidan, Founding Shareholder