Supporting shareholders in the process of selling a company

Assignment

Providing an interface between the company, shareholders, auditors and the investment bank
Helping the company to draw up a budget and a business plan

Issues : Overcoming a crisis

Services : Executive Interim Management

Context

Shareholders with potentially diverging interests decide to initiate the process of selling one of the leading groups in their sector
The group’s financial management positions are unfilled, its accounting teams have been reduced in numbers and there is a significant amount of work given the high level of activity
The company no longer has the financial capacity to prepare the divestment process
A significant amount of information must be produced: vendor due diligence (VDD), a business plan, updates to forecasts, etc.

Eurosearch & Associés involvement

Eurosearch & Associés calls upon a financial expert to handle the heavy workload required to lead the divestment process
The project is carried out in several phases over a period of 9 months, mainly full-time and then part-time
Preparation of all documentation: a memorandum, vendor due diligence, a business plan, monitoring of current activity
Analysis of the information memorandum by potential buyers, answers to questions from prospective buyers and potential lenders
Due diligence of potential buyers and answers to questions, monitoring of current activity
Completion of the transaction

Results

The potentially divergent interests of the shareholders were contained
The quality of the information produced and the active participation in the management of the process made it possible to ensure that there was a trusting attitude towards potential buyers during the process
The sale was made to a well-known buyer, with the company having been highly valued
The team contributed significantly to the success of the operation

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