Responsible Employers - Are you doing your part?
We are proud to be part of the Defense Employer Recognition Scheme (ERS) here at GGT, which is a government-led initiative that recognizes employers who support...
We are proud to be part of the Defense Employer Recognition Scheme (ERS) here at GGT, which is a government-led initiative that recognizes employers who support...
Ofgem has just announced the new Energy Price Cap (EPC) for 1 July - 30 September 2023. A household with 'typical' usage of 12,000 kWh of gas and 2,900 kWh o...
Download Your FREE Sustainability Benchmarking Toolkit!The FREE download contains 4 vital tools to identify, record, measure and report your environmental and s...
Last week was Mental Health Awareness Week, and Alliance Learning had a week full of activities for everyone to get involved in. Activities included workshops...
Outsourcing key and mid account management (KAM) is a strategic solution that offers numerous benefits to businesses. Firstly, it allows companies to focus on t...
Choosing the right accountant for your business isn’t an easy task or something that should be rushed. The accountant you choose should be trustworthy, experien...
In these increasingly uncertain times, many business owners are looking at ways in which to secure value for their shareholding having invested time and resources into building a robust business.
Many Vendors remain cautious when considering a sale to a competitor. The opportunity to undertake a Vendor Initiated Management Buy Out (VIMBO) can provide a low-risk opportunity for the shareholders to realise the value of their investment.
We recently completed a VIMBO which saw the Management Team acquire a business they had worked in for over 10 years. The Vendor had indicated that they wished to remain working in the business and the VIMBO opportunity allowed them to secure a significant value for their investment at preferential tax rates. Through a supportive funder, the Company was able to raise a reasonable level of finance to provide an immediate cash lump sum to the Vendors alongside secured loans and a retained shareholding.
Through the retained equity stake the Vendors and Management Team were aligned in the continued success of the business, the loan notes provide flexibility in the funding structure to deliver the required valuation, reduce the third-party debt requirement and provide a continued annual cash income over an extended period.
A Management Buyout (MBO) doesn’t always suit all situations, however where there is a strong Management Team and where the Vendor is willing to remain with the business over a reasonable duration, a VIMBO can provide a low-risk, controlled way to realise the value of their business.
Through our knowledge of the funding markets the Corporate Finance Team at Pierce can provide clear advice on whether a VIMBO can be delivered and can support you through the transaction.
Contact the team today on 01254 688100.
Ainsworth Street, Blackburn with Darwen, Blackburn, Blackburn with Darwen, BB1
07711 077695
View detailsIn partnership with Cumbria Chamber of Commerce, we are delighted to bring you a unique opportunity to meet, and hear from, three award-winning entrepreneurs, a...
We are delighted to be hosting Colours Fashion show for a third year at Plungington Community Centre.Come and grab yourself a Christmas bargain or treat yoursel...
The Chancellor of the Exchequer will present the next Budget to Parliament on Wednesday 30th October 2024. Following the Speech, we are hosting a FREE seminar w...
Following on from the success of Your Business Bootcamp, Community & Business Partners are pleased to run its online versionYour Business Bootcamp Bitesize will...
Whether you are in the early stages and just seeking information or you have been considering adoption for a while, joining us at one of our online information...
The Konsortia Partnership are groups of local, professional small and medium-sized (SME’s) businesses in property and construction based in Manchester and Prest...