Family exit ownership of UK based Oil & Gas service company

Case Study19th Aug 2021

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Our Client 

Successful UK based Oil & Gas service company with international presence. Owner-managed by two families all of whom work in the business with one family now looking to exit. 

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 

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