Divestment of Toperformance
As an example of our divestment services, we recently worked with and successfully advised the two owners of Toperformance on the sale of their shock absorber distribution business to Bapcor Limited, the major ASX-listed leading Australasian provider of aftermarket parts, accessories, equipment and services.
Our role here included identifying and approaching potential acquirers (domestic and international), preparing an Information Memorandum (including normalising financial results), negotiating with all interested parties, co-ordinating the due diligence phase and liaising with our client’s legal and accounting advisers to complete the transaction.
Regarding our role in the transaction, Barry Brookes (one of the owners of Toperformance) stated “Thank you very much for your work and persistence, with our business sale. Your effort and attention to detail brought the sale process to a good conclusion, for which I am grateful. We also appreciate the manner in which you worked with us. Your advice and expertise being valuable and reassuring.”