South African consultancy Carrick Wealth announces deal to help consultancy firms exit sector
South African financial services and international advisory giant Carrick Wealth has announced the formation of a partnership with BDO Corporate Finance, providing Carrick business owners with access to corporate finance advisory services, including including assistance for consulting firms looking to exit the industry.
BDO Corporate Finance is positioned as a “Leading Transaction Support Advisor in M&A Negotiator Ranking” and a practice specializing in valuation, mergers and acquisitions, and transaction advisory.
Other services that will be offered include the drafting of shareholders’ agreements, buy-sell agreements, key man insurance, ensuring that corporate governance is in place.
Mike Fannin, Founder and Non-Executive Director of The Carrick Group of Companies, “This opportunity is really for clients who have reached the point where they are looking to have some form of liquidity event within their business.
“We also seek to support those involved in the strategic decision-making process for the continued growth of the company, such as acquisitions or divestitures of divisions.
The partnership will provide Carrick’s clients with access to corporate finance services, including:
- Total or partial transfer of your participation in your company;
- Introduction of a strategic capital partner in the business, including strong B-BBEE transactions;
- Raise acquisition and debt financing;
- Minority or majority stake in target;
- Management buy-out and buy-in; and
- Tips for preparing your business for sale.
“It’s a lot about adding value, but also adding value by creating new liquidity potential,” says Fannin.
“You’ve surrounded yourself with a team of experts in building your business, so why shouldn’t you do the same when you start to consider options for your business?finally quit? ”asks Guy Steele, head of mergers and acquisitions at BDO Corporate Finance.
“In our experience, a structured process in any corporate action, whether buying or selling, is beneficial to all parties. Nothing like a little competitive tension to determine prices and the calendar.
Also, never underestimate the importance of preparation for the sale – make sure the house is in good repair when trying to attract buyers as this is likely to maximize your price and minimize your obligations. continuous in the form of guarantees and indemnities “.
“While some advisors like the quicker and easier deal, we would prefer to have the harder, longer deal if that is the right option for the client. After all, your business is arguably the most important financial asset in your life, ”Steele reiterates.