Family exit ownership of UK based Oil & Gas service company

Our Approach 

• Initial succession planning advice discussed with managing director two years prior to disposal process beginning
• Full marketing process undertaken with AAB identifying a selected number of potential acquirers 
• AAB identified the eventual acquirer which has an existing business  
• Specialist tax advice on indirect and international tax liabilities 
• Project managed the transaction to successful completion with managing director and finance director leaving the company and other shareholders investing in the acquirer 
• Identified and managed shareholder expectations in difficult trading conditions 

The Outcome 

• Successful negotiation of initial offer with all consideration being received at completion 
• Facilitated a tax efficient investment opportunity for retaining shareholder to invest in the purchaser 
• Enabled a tax efficient option for all shareholders to acquire the Company’s new premises to facilitate future income 
• Managed shareholder expectations in difficult trading conditions 
• Added value, sustainability and opportunity for growth of the combined group post completion 
• Highlighted opportunities for the client to mitigate tax liabilities not previously aware of