Business Purchases
Acquisitions require not only a focused and pragmatic approach to due diligence and commercial negotiations, but also a consideration of how the businesses will integrate post-completion and the cost saving opportunities that this might bring.
Our approach to acquisitions
There are many things to consider when you’re buying a business. Purchasing a ‘going concern’, if you decide to take this route, comes with its own particular range of considerations. What’s the true value of the target? How will you fund the purchase? The list goes on.
Our aim is to minimise your risk and provide an efficient, thorough and proactive service which assists you though every step of the purchase.
At Progeny we apply a commercial approach to acquisitions. We recognise the need to verify the purchase price through due diligence and appropriate price protections, whilst making sure we drive the deal forward in line with agreed timescales. This means that the impact of the acquisition on both parties is minimised, integration is smooth and they can quickly return to business as usual.
Additionally, one of the key aims of Progeny is to grow our own business by acquisition. Our Corporate Team has led all our acquisitions to date (https://theprogenygroup.com/about-us/our-history/). Meaning we first had experience on the complexities around business purchases.
Combining guidance and support from Progeny’s Corporate Legal team, Private Legal team and Wealth Management team, we are able to provide truly holistic support.
As a B-Corp certified firm, we are proud to join a select group in the UK professional services, committed to high standards of social and environmental impact globally.
With over 40 years of experience, we offer unparalleled expertise and trusted guidance to help you achieve your financial goals confidently and effectively.
With dedicated offices worldwide providing financial services across the globe, meaning wherever you are, our comprehensive global network ensures seamless access to expert financial services tailored to your needs.
Build a business purchase strategy
Many entrepreneurs see their role as helping a business build, grow and move into and through the next stage in its development. You might not have launched the target company yourself, but you’re going to need to know it inside out before you commit to the purchase.
We advise on all of the key aspects of buying a business including:
01
Focussed and pragmatic legal due diligence
Due diligence is an important step of an acquisition and can benefit both the buyer and the seller.
02
Creative ways to structure the purchase price
When acquiring a business, there are plenty of ways a deal may be structured and you should consider your options carefully. Some options include earnouts, stock swaps, joint ventures and partnerships.
03
Maximising tax savings
With an in-house tax team at Progeny, we will be able to support you from a tax and financial perspective pre and post purchase.
04
Negotiation of warranties and indemnities
Our experienced solicitors will be able to guide you through the negotiation process insuring nothing is missed.
05
Project managing the deal
If required we are also able to assist and provide project management of a deal for either the buyer or seller.
Business Purchasing guides
As a Founder, are you ready for the Sale of your Business? – A Progeny Case Study
One of the things I like most about my job is really getting to know the businesses we work with. Every business has its own story. Each has its own p…
One of the things I like most about my job is really getting to know the businesses we work with. Every business has its own story. Each has its own p…
Read more
Business succession planning | Guide
Building a robust succession plan Careful succession planning is key to securing the future continued expansion and profitability of your business. Wh…
Building a robust succession plan Careful succession planning is key to securing the future continued expansion and profitability of your business. Wh…
Read more
Frequently Asked Questions
Warranties during a business purchase form part of the contractual statements made by the seller, that provide assurances of the current condition of the business and liabilities.Â
There are multiple ways of valuing a business such as analysing the business performance, cashflow or history. Your accountant may be able to help, however a corporate legal professional will be best qualified to provide advice.
An earnout can form part of the contractual provisions made during a purchase, it provides the seller with additional compensation if certain business goals are met.
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Acquisitions require not only a focused and pragmatic approach to due diligence and commercial negotiations, but also a consideration of how the businesses will integrate post-completion and the cost saving opportunities that this might bring.
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