Founder exit to a regional strategic
Two founders retiring from a third-party logistics business. Four indicative offers in eight weeks, closed in seven months with no earn-out.
Size
S$14m
Buyer
Regional strategic
Time to close
7 months
Outcome
Closed with a 12 month handover and no earn-out
Two founders, both retiring, with a business built on long-standing agent relationships and a warehouse lease with real remaining term. The concern was continuity for eighty staff rather than the last dollar of price.
Preparation focused on documenting the agent relationships at company level rather than personally, and on separating the two founders’ remuneration from the operating result. A regional strategic buyer wanting Singapore capability paid for the licences and the customer book. Four indicative offers arrived within eight weeks of outreach.
(sample entry) Illustrative of the deals we work on, pending publication of live figures.
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