Penn White is a family business which provides global chemical solutions specialising in foam control agents, release agents, and a wide range of high performance lubricants and surface costings, with a turnover of £16m. This was a long-term partnership initially advising on family succession, which ultimately led to the trade disposal to Manali Petrochemicals Ltd, an international acquiror.
We provided a full range of strategic advice to appraise the shareholder aims and objectives and understanding their requirements for future wealth.
Ultimately the business was sold to an international acquiror, after having significantly improved terms compared to other interested parties through the creation of competitive tension.
As part of the trade disposal, our advisory services included:
– supporting with all elements of negotiations
– assessment of key financial elements of the deal,
– assistance during the Due Diligence process,
– support during legal document negotiations,
– assistance with the completion accounts preparation and negotiation,
– with an overall focus on the best deal structure for our client.
