The Railway Engineering Company Completion Review
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Peter Cross |
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When considering appointing advisors to the proposed sale, what were your main considerations and concerns?
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That the advisors would find us the best price. We were concerned about finding the right purchaser that would support and run the company after we departed.
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| What were the determining points in deciding to appoint advisors? |
| A previous sale, for which we did not use advisors, went wrong at the last minute, leaving us with a large legal bill. We therefore decided to use advisers for this sale. |
| Do you feel that Alaris was able to give access to different types of purchaser? |
| Yes. |
| Overall, what was the level of responsiveness from your advisors? |
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Brilliant.
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| Do you feel that negotiations were managed to your satisfaction? |
| Yes very much so. The executive negotiated exceptionally well. |
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After the Heads of Agreement stage of the transaction was reached, do you feel that the advisers continued to contribute to the sale process?
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Alaris was still very much involved after heads and came to all meetings with the lawyers.
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Overall, were there any key areas where you feel your advisors particularly contributed to the transaction?
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Alaris had a terrific understanding of the purchaser and how far they would go, ensuring us the best deal possible.
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| In retrospect, would you use advisors again to assist in the sale of a business? |
| Yes. |
| Would you consider recommending us to other business owners considering a sale of their business? |
| Yes – absolutely |
| Are there any additional points that you would like to make regarding your experience of working with us? |
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Our executive was exceptional. Pleasant, calm but a great negotiator.
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