The
Fusion mergers and acquisition team has nearly 20 years of direct experience
of transactions in the £5 million to £100 million valuation range
and has direct sector specialisation unmatched by any mainstream corporate
finance
team at a merchant or investment bank.
As an alternative, and in many cases in addition, to your existing in-house
corporate development team and your city banking adviser, Fusion offers:
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A detailed and specialist knowledge of your sector and an insight into how
your division or subsidiary is perceived.
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An
unrivalled knowledge of the performance of players in your sector, their
chemistry and potential interest in deals of your size. While Fusion
would
not expect to look at a deal size over £200 million, we are ideally
placed to know whom the international buyers will be for smaller deals
and,
unlike a major bank, will have direct contacts with the decision-makers
at these companies.
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The
ability to approach the market without appearing ‘in play’.
Many corporates worry about the potential impact on staff morale and their
share price from a leak of any sale discussion. Fusion is adept at presenting
assets as available and not ‘for sale’. With our constant tracking
and ongoing relations with buyers, we know who the likely purchasers will
be and consequently will not leak news of a sale to the press unless the
seller insists. Confidentiality constitutes a key part of our strategy.
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Experience
in handling the delicate balance between an MBO team and the trade sale
route, an issue that often arises in the larger divestiture work where the
size of the division attracts institutions and other MBI candidates.
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If
required, a mix of corporate finance and ex- industry personnel to advise
on the corporate divestiture strategy. Fusion has developed its Holistic
Review product (see Fusion Advisory) to provide strategic advice at this
level.
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Immediate
recognition by purchasers that this will be a professionally run sales exercise.
This helps to add value to any offers purchasers make as they assume Fusion
will not only know the right pricing, but also have contacted their rivals
in the market. In some cases, this can lead to pre-emptive premium offers.
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Most
corporates are fully aware of the requirement for detailed documentation
and quality legal and accounting advice, but Fusion will help co-ordinate
and brief other advisers as required.
Please refer to the sales process for a review of our tried and tested sales
methodology.
There
is nothing more embarrassing for a corporate than a failed public divestiture – Fusion will work with you to help make sure this doesn’t
happen.
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