Our acquisition process has the following steps:
Step 1:
Initial confidential call with our team. We will ask general questions about your business – in which industry niche it is, business model, products, organisational structure, turnover, net profit and other details which are usually available on the Companies House website.
Most importantly, our goal is to understand what is important to you, what are your expectations about value, exit time frame, and preserving your legacy.
If we think that your business matches our criteria, then we will move to step 2.
Step 2:
Both parties will sign a Non-Disclosure Agreement (NDA) and the discussed information and documents will be kept strictly confidential. We will request a few documents:
1. The last 3 years full company accounts including the profit and loss section
2. Management accounts
3. Aged debtors and creditors reports
4. Asset register
5. Bank statements for the last 12 months, etc.
Step 3:
If we like the figures in your accounts, then we will arrange a face-to-face meeting with you and we will discuss in details:
1. The business
2. The financials (the accounts)
3. Valuation
4. Deal structure
We are aiming to achieve a Win-Win-Win situation for all the parties – win for the seller, win for Maxea Group, and win for the business.
If we are both happy with the price and conditions, then we sign Heads of Terms.
Step 4:
Our team performs Due Diligence which covers the finances of the business, its assets, the legal side, the employees, the business processes and systems. Our experts have created an optimised Due Diligence process to make this phase smooth, convenient and easy for you.
Step 5:
Second face-to-face meeting to clarify details.
Step 6:
Preparation of the Sales and Purchase Agreement. We work with a panel of solicitors who specialise in Marketing & Acquisitions (M&A) and if you do not have a solicitor, we can recommend a few to choose from.
Using the Heads of Terms and the Due Diligence as a basis, we work with you and your solicitor to create the Sales and Purchase Agreement.
Both solicitors finalise the legal work.
Step 7:
Completion.
A time for celebration. You have finally sold your business and now can start enjoying your freedom and do the things you have always wanted to do.
We start our pre-planned handover process.
On this day, together with you, we hold a general meeting will all the staff, inform them about the new ownership, reassure them that all jobs stay, and share with them our vision for preserving the legacy and for future growth.
Step 8:
The first 100 days.
This is a time in which we further study and analyse the business. Depending on the result of our analysis, we may create To-Be business processes, if this brings optimisation and efficiency and prepares the company for expansion. If business process changes are necessary, then we introduce a change management plan, which is deigned in a way not to overwhelm the employees and assure smooth transition.
We may introduce employee benefits, individual career development plans, tailored training, and provide the necessary tools.
Step 9:
Growth.
Once the business processes in the newly acquired company are optimised and the staff is fully trained, the management of Maxea Group will work closely with the management team of the business.
Together we will formulate, implement and evaluate a strategic plan. It will include various departments like Accounting, Finance (forecasting, cash flow optimisation & management), Marketing, Sales, HR, Operations, Technology, Production, R&D, etc.
If necessary, Maxea Group will provide funding for new plant and machinery, marketing, new recruitment, etc., in order to accelerate the business growth and expand into new markets.
