To sell or not to sell up for debate

Andrew Coates, Partner at Strategic Corporate Finance
Andrew Coates, Partner at Strategic Corporate Finance
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Top figures from the local professional community are coming together at The Star’s offices tomorrow to consider the burning question of whether now is a good time to sell a company.

Leading Sheffield City Region dealmaker, Strategic Corporate Finance, is joining forces with The Star to host a Round Table discussion, involving a hand picked group of senior professionals.

Andrew Coates, managing director of Strategic, said: “We will be looking at a number of key issues, including whether the appetite for mergers and acquisitions among corporate purchasers, private equity investors and international purchasers has increased.

“We will also discuss what effect the appetite of banks and other funders is likely to have on deal activity in 2011 and beyond. The topic of the low tax climate for vendors is also likely to be raised.

“We have seen a dramatic increase in new corporate finance opportunities in recent months and we completed a “hat trick” of transactions just before Christmas. We hope to hear about other participants’ recent merger and acquisition (M&A) related experiences and their expectations for the short and medium term.”

Edited highlights of the round table discussion, chaired by Star Industrial Editor Bob Rae, will appear in Star Business and as a video and text on The Star’s website:

Bob Rae said: “We are delighted to be working with Strategic Corporate Finance to help local business that may be considering whether the time is ripe for a sale.

“Strategic has a well established reputation for finding buyers for companies, negotiating terms and project managing transactions through to legal completion, which makes them an ideal partner for an event addressing such a crucial issue.

“Conventional wisdom might suggest that it is best to sell when the economy is booming, but with a string of recent transactions having been reported across the region it is clear that many vendors are currently finding successful exits.

“The reluctance of some to sell in the current economic climate could even benefit businesses which might be overlooked by investors in a booming market, all of which makes now an ideal time for companies to examine their options.”