ALP Europe a manufacturer and supplier of lighting components. The management decided to explore selling their 25-year-old business and to establish whether this would create an exit for the current shareholders.
What FHL did
Advised ALP on the sale of the company to private equity backed Corpacq Group.
Words from Carl and Andy Shakes
“Like many owners, we have always been approached by many companies promising to meet our goals but frankly pessimism always remained about the reality and likely outcome.
We were referred to Frazer Hall by a friend who had successfully sold his business with them. We liked the approach from Frazer Hall and liked their style the chemistry and it felt very comfortable.
We appointed Frazer Hall and set to work.
Now was the time we realised what a fantastic decision we had made.
Trust and ethics have been how we conducted our business for the last 25 years and it is clear Frazer Hall are of the same ilk. We were kept informed regularly, and advised in a language we were able to understand as people who had never been engaged in this type of process before.
We were very happy to leave all the technical aspects to Frazer Hall and simply present ourselves and the business in much the same way as we would to a customer, this worked well, and very complimentary responses came back.
Several offers were made in the process which were considered before settling on one particular offer following Frazer Hall consultation.
Frazer Hall guided us through myriad stages of the process and accompanied us on all solicitor meetings, very much ‘holding our hand’ through very unfamiliar territory to us.
This help was invaluable.
Preparation of information and into the due diligence stage, with Frazer Hall assisting in all area’s.
We knew and know our business inside out, but the process of selling was completely foreign to us, thankfully we had the assistance provided by Frazer Hall.”