M&A: Maximising sale price
Circumstances / Situation
A Melbourne based RTO was at the point where due diligence and terms sheets were underway. However, at this time ownership and the M&A lawyers involved realised they needed experienced help to see the transaction through to settlement.
Solution
We took charge of the transaction with a variety of tax, corporate advisory and CFO services provided. This encompassed providing up-front tax advice on the transaction as well as options to reduce any tax liability to $nil utilising the Small Business CGT Concessions. We were then able to use our corporate advisory and CFO services to take charge of due diligence and improve financial reporting. This ensured the business maximised its sale price through to final settlement.
Outcome
The business was ultimately sold by way of a sale of shares. Mage remains involved in assisting the business with month-to-month CFO services, including board pack preparation as the business has expanded across Australia.
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