Case study - Blayhall Marine Limited - Business Sale

Case study - Blayhall Marine Limited - Business Sale

Monday, 12 February 2018

The Deal

Blayhall Marine Limited is the holding company for Star Marina Solutions Limited an established market leading provider of marina management systems, which sit at the hub of operations for marinas, harbours and waterways.

MHA Larking Gowen assisted the shareholders in the sale of the business to Jonas Software, a Canadian headquartered software giant with over 70 independently owned software businesses within its portfolio.

Key Highlights

MHA Larking Gowen used a rigorous and inventive range of techniques to identify and approach potential buyers. This helped generate significant genuine interest in the business, giving our client multiple credible offers to choose from. We negotiated an attractive deal for our client and helped manage it through to completion.

Comments

Dylan Evans, director and shareholder of Blayhall Marine Limited, said:

“Jack and the team at MHA Larking Gowen have been extremely responsive and professional throughout the assignment. They are clearly very knowledgeable and experienced in deal negotiations and were tenacious in ensuring the best deal for the shareholders and we believe we got the best result we could by using MHA Larking Gowen.”

Jack Minns, MHA Larking Gowen Manager, said:

“It has been extremely satisfying to advise the shareholders throughout the sale process. We found much interest from both independent and large multi-national buyers, and feel the undoubted synergies with Jonas will enable further growth and development of the businessin the future.

Our Role

MHA Larking Gowen provided assistance throughout the whole sale process, including:

  • Preparing the sales documentation
  • Approaching potential buyers
  • Reviewing offers and negotiating with interested parties
  • Choosing preferred bidder and agreeing heads of terms
  • Providing tax advice and structuring the deal
  • Assisting solicitors to draft the legal paperwork

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