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Corporate Finance

Understanding the art of a good deal


Our Corporate Finance Team supports clients in the buying and selling of their businesses. This means they regularly face scenarios for which a healthy degree of tenacity is required to achieve a successful outcome.

Mergers and acquisitions are often complicated, involving moments when it feels doubtful that a deal will complete. The following examples highlight times when trust, determination, and courage were essential in bringing the deal to a positive conclusion for all concerned.

Changing views

It can be challenging for a business owner to part with a company they personally founded and grew over many years.

As such, although we make every effort to ensure that business owners are ready to sell – and that the businesses themselves are saleable – some clients can have second thoughts.  

In these cases, our approach is to return the client to their original thought process. Why were they looking to exit the business, and what will the future look like for them once the deal is achieved? 

Unexpected changes

In a specific case, the sale of a family-owned business went awry when the terms of the agreement changed suddenly, with no justification.

Although the original terms had been agreed with the buyer – a company backed by a large private-equity firm in the US – such changes meant the deal would progress to our client’s detriment. 

Our course of action was to persevere: doggedly sticking to the original deal terms and ensuring our negotiations led to an effective outcome for the client.

Alternative options

Identifying a buyer for a client’s business involves months of dedicated research and planning. However, there is still a risk that no suitable buyer will be found.

A recent example involved a strong trading business that was significantly impacted by matters outside of the owner’s control, almost as soon as their business was taken to market.

Drawing upon our expertise in the sector, we were able to present new-found growth opportunities to a buyer who would otherwise not have been interested, thus turning the issues faced into a positive outcome.

What lessons can be learned from these examples?

  • Be prepared: When unexpected issues arise, a keen understanding of the details will determine what must happen next.
  • Be fulfilled: It’s important to enjoy the work you do.  If you don’t, you may lack the inner drive to push on through challenging situations.
  • Be determined: When it looks like there is no way forward, optimism, expertise – and plenty of grit – will help you find a workable solution.
  • Be knowledgeable: It’s hard to stick to your guns if you don’t also have the knowledge that dictates what can and can’t be achieved.
  • Be trustworthy: When people know they can count on you – and that you will fight their corner if necessary – they become easier to deal with.

At Rickard Luckin, we pride ourselves on our tenacious, committed, and dependable approach, which helps our team bring many transactions to successful completion. So if you are looking to buy or sell a business , we would be very happy to assist.

Find out more
If you have any questions about the above, or would like more information specific to your circumstances, please enter your email address below and we will get in touch:
Corporate Finance Director | Chelmsford

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