Company Sale: CCI Completion Review

Clark Clay Industries Completion Review

Jonathan Cridland
Chairman, Clark Clay Industries

When considering appointing advisers to the proposed sale, what were your main considerations and concerns?

The ability to unearth serious buyers, to have professionals handle the sale process in order to reduce the diversion of management time and to guide us through pitfalls, to handle the negotiation process. We were concerned about confidentiality, cost and losing control of the process.

What were the determining points in deciding to appoint advisers?

Professionalism, straightforward engagement letter, association with Cavendish, central London offices, ability to unearth suitable private buyers.

Overall, what was the level of responsiveness from your advisers?

Excellent, could not be faulted.

Do you feel that negotiations were managed to your satisfaction?

Yes.

After the heads of agreement stage of the transaction was reached, do you feel that the advisers continued to contribute to the sale process?

Yes, where possible.

Overall, were there any key areas where you feel your advisers particularly contributed to the transaction?

Preparing the marketing document, finding us the buyers, keeping the process on track, acting as intermediaries.

In retrospect, would you use advisers 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, would be pleased to.

Are there any additional points that you would like to make regarding your experience of working with us?

The level of assistance remained high from start to finish and the response was always prompt.

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