Selling a business is a major milestone – more than just a transaction, it’s a cumulation of years of hard work and dedication to the success of a business.
So when the time comes to move on, it requires careful planning and strategic thinking to maximise its value.
In a previous article in this series, we explored how to prepare your business to be “market-ready” in advance of a sale, including having well-presented financial reports demonstrating growth, a strong management team in place, while ensuring everything is in order from a legal, regulatory and tax perspective. Here, we look at how to approach the market once you’re ready, and how the experienced team at FOCUS can support you on this journey to achieve a successful exit.
One of the most important strategic decisions to make is selecting the appropriate method to approach the market, as the sales process must be carefully managed to ensure that the right buyers are made aware of the opportunity. There are two key options: a structured sales process or a bilateral approach.
A structured sale process involves marketing the business to a wide range of potential buyers. Alternatively, a bilateral approach focuses on direct negotiations with a single prospective buyer. Choosing the right approach to market is a critical decision which can significantly impact the outcome of the transaction, including the dynamics of the deal, the value achieved, and the long-term implications post-sale.
In this article, Alan Kelly, Head of Mergers and Acquisitions, examines the pros and cons of both the structured sales process and the bilateral approach – offering insights into which path may deliver the best outcome based on your specific goals.
In our next article in this series, we’ll explore management buyouts – an exit strategy that can provide a seamless transition for business owners, ensuring their company and legacy remain in trusted hands.
How we can help
At FOCUS Capital Partners, a leading provider of sell-side advisory services, we understand how to execute a successful transaction process and deliver maximum value to our clients. Our experienced M&A advisory team in Ireland and the United States guides business owners through every stage of the process – from initial readiness to deal execution – managing the entire journey from start to finish.
Our in-house Tax team is also well positioned to advise across all stages of mergers, acquisitions and disposals. If you are considering selling your business in the near future, please reach out to us for an initial conversation.
