Paul Cheetham led the Sedulo Corporate Finance team on a deal to part dispose of a family owned business, Haytons Executive Travel.
With the father taking retirement, the remit was to find an investor who would acquire his personal shareholding whilst supporting the remaining son and Managing Director in taking the business forward.
The Corporate Finance Team spent a number of months grooming the business, producing management information and ensuring that both legal and administrative procedures were in place.
After creating an Information Memorandum for the vendor, it was circulated amongst some of the contacts within the Sedulo database. A buyer was identified and subsequently the deal was completed, for an undisclosed consideration, with a local venture capital firm.
Legal advisors once more on the deal were Brabners Chaffe Street.