I am looking at an asset-light mechanical systems installation business and I would need financing to bride the gap, both debt and equity.
The business is UK based and the majority shareholder (60%) has indicated a £400k price for the entire business.
The minority owner (40%) wants to remain as a manager which is an ideal situation as far as I'm concerned although I would like to dilute him down with an earn out but keep him motivated. I am having a call next week with all parties to understand their situations. The minority owner can't afford to buy the majority owner out.
Please email me at --@----.com if interested in learning more.
Even if I miss this opportunity I like the niche and will target a proprietary search in this industry.
The sale can be either an asset sale or share sale.
Assets: £100k estimate but no fixed assets
Revenue: £850k in 2020
EBITDA: £120k in 2020
Acquisition price TBC
Mechanical fitting, service and rental business £850k T/O £150SDE
by a searcher from HEC School of Management, Paris
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