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A Hat trick of Deals!

Mercer and Hole Corporate Finance are delighted to announce that with the recent successful sale of RS Aqua Ltd, it has completed three transactions in the last few months.  The details are as follows:

Kain Knight’s acquisition of Quantum Costs

Our role was to act as lead advisory on the acquisition of Quantum Costs for Kain Knight.  This was the first acquisition for Kain Knight and represented the beginning of its short to medium term strategy.  Our specific work involved due diligence, advice on Deal Structuring and negotiation, reviewing  ongoing cashflows to ensure the appropriate funding for the deal was available and helping the legal advisers with all the financial aspects of the Sale and Purchase agreement.  We will also be involved in the review of completing accounts in due course.

Sale of No1 Traveller

This involved identifying key potential purchasers, producing all of the sales documentation, initially negotiating with these three key potential trade purchasers and finally completing the transaction with an institutional investor, who was prepared to offer a significantly higher price than any of the trade purchasers.

Sale of RS Aqua to it’s management

We advised the shareholders on the value of the company and assisted with structuring the sale as a manager buy-out.  This structuring was crucial to the transaction as the management did not have access to the necessary funds for a full settlement at completion.  This needed risk assessment, advice on potential security to take and comparing the offer from the management with other potential offers or indeed continuing without a sale.  After due consideration the owners based on our analysis agreed that a deferred consideration transaction with appropriate security was the best route from both themselves and the company.  As well as our valuation work our involvement included reviewing cash flow and working capital forecasts to support the deferred elements of the purchase consideration, advising on the sale and purchase agreement, and assisting in all the negotiations.

To contact a member of our Coporate Finance Team click here



Date: 29th July, 2014
Author: Mercer & Hole Media


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