The situation.
After an unsolicited, undervalued approach, shareholders Ralph Harris and Ian McKay met David Nelson, who set out a typical sale process and the steps that would make the business more sale-ready. They spent the next two years growing revenue.
Our approach.
Advice on preparing the business for sale ahead of the shareholders’ retirement.
When Texas-based Newpark approached, Leith M&A was appointed to handle the transaction.
Coordinating the flow of information through an extended due diligence period, to minimise disruption to the shareholders.
What made it difficult.
A transatlantic deal with a NYSE-listed buyer brought detailed regulatory and compliance procedures, and parties working across the US and UK.
The outcome.
The deal completed as a 100% share sale, for an undisclosed sum.
