Sun, Selling and EOTs

Insights by Robert Fiske.

Often the summer holiday season is a period when owner-managers may get a bit of time to consider their options.
As they recline on a beach somewhere, cocktail in hand, they may well wonder how and when they might plan their exit – something that may eventually grant them rather more precious leisure time! If you are one of them, we would urge you to do something now before you get consumed once more with the day-to-day challenges once back at your desk. A first step might be to make a date with Prism for a one-to-one chat (confidential and no obligations on your part). We regularly help people start seeing the wood for the trees (perhaps even those gently swaying palms!). You can fix a meeting right now in my online calendar… and then summon another cocktail!

Maybe you’re thinking about selling in a few years and want to make changes to increase the value of your business first. In which case, please join our live webinar in October to find out what you can do. There’s a discount code in our newsletter email for subscribers.

If you are part of an employee-owned trust (EOT) or are considering going down that route for your business, you might be concerned about its future sale prospects. While an EOT might be right for the business now, at some point it may be prudent to sell to a trade or PE buyer. The process and considerations for this will be different to the sale of a conventionally owned business.

As regular readers will know, from time to time we invite guest articles by corporate lawyers or other experts in M&A-related fields. This month we are delighted to share a very interesting piece by Debra Martin, Partner at Geldards LLP. Here she discusses selling an EOT business and the conditions that would make it feasible.

See Guest Article: Can an Employee-Owned Business be Sold?