Acquisition Process

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First meeting

An opportunity to understand each other’s businesses and how the acquisition process works. If you decide you would like to take things to the next stage, we will need some preliminary, basic information.

 

Indicative valuation

Once this information is received, we can provide you with an indicative valuation. This is a quick process which can be often be within 2 weeks of the initial meeting. We use a clear and transparent valuation model.

 

Acceptance and due diligence

Once the formal offer is accepted we will visit your business to complete the due diligence process.

At the same time, we will commence the legal process with your solicitors and a sale and purchase agreement will be drafted and agreed by both parties. This part of the process can take 4-8 weeks.

Formal offer

If the indicative valuation is agreed we can move to a formal offer. We will talk you through the formal offer to enable you to ask any questions and fully understand the process.

There is often of a period negotiation where you can raise any issues that need resolving before acceptance, which may take 2-3 weeks for both parties to agree final terms, subject to due diligence.

Completion

Once the due diligence has been completed and the sale and purchase agreement agreed, a completion date can be set (subject to FCA approval), which will usually be a few weeks ahead.

A typical acquisition timeframe from first meeting to competition is 10 – 12 weeks but we have completed many deals in less.