Stephen Edwards

An international entity purchases, through Transworld Business Advisors, a market leading, long-standing Australian manufacturing firm – CMI Safe Company Australasia.

Overview

• A full business sale – (assets, goodwill, inventory, and all IP)
• Purchaser was an international group from South Africa
• Deal construct including Australian Directorship Requirements – and a range of deal stipulations.
• A strong sale price.
• Desired outcome achieved for all parties.

Transworld Business Advisors’ Director, Stephen Edwards, assisted an international buyer through a very delicate, complicated, and long business sale process that at times had a lot of emotion connected to it.

The company purchased had been operating for over 70 years and had seven family directors, many with differing opinions around the sale of the business. Transworld provided experience, leadership, and a strong process, supported by a skilled team and deal ethics that allowed what became a complicated deal to settle.

The deal took close to 2 years of negotiations – Navigating Covid lock downs, where international buyers couldn’t get to Australia to view the significant factory holdings and business operations. Stephen Edwards – Director of Transworld also had to work through the shareholder agreement on the seller side and enact multiple votes amongst shareholders to gain approvals throughout this difficult sale process.

When the deal was completed, and the dust had settled it was agreed that the deal was a good one and the process followed enabled this outcome to be achieved. The new shareholders of the CMI Safe Company Australasia have continued to work with Transworld Business Advisors post the business sale in an advisory capacity.

Gavin De Steur
CEO – Shareholder CMI Safe Company Australasia

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Gavin De Steur

NSW Floristry Factory – Rays Florist and Gifts

Overview

• A full business sale – (assets, goodwill, inventory, and all IP)
• Purchaser was a local family.
• A good sale price.
• Desired outcome achieved for all parties.

As a successful long-standing family business, time had come for the family to sell the business due to impending retirements. The decision to put the business up for sale was a hard one and we knew we needed to engage a professional, understanding business broking firm.

The business was a large business in the industry and there were five family directors working in the business.

We were referred to Stephen Edwards, Director of Transworld Business Advisors and started the process through multiple discussions and a final proposal meeting.

Throughout the early stages we formed a level of comfort with Stephen and the Transworld team, and we were happy to move forward with Transworld. The business sale commenced during the last year of COVID, which created some challenges, however Transworld were able to navigate these challenges with no business interruption or lack of interest to Rays Florist Group.

We had multiple interested parties & business inspections and offers which was a very stressful time. Some of the offers and parties couldn’t get finance and this at times got the shareholders disheartened as our hopes were up and a lot of time had been spent providing information, having business inspections and mentally working towards a business exit.

We also worried about confidentiality as we have a lot of staff, and we were trying to be discrete as possible. In the end, we were happy with the outcome and as the landlords of the existing buildings we were also happy with the associated lease discussions and agreements. We would recommend Stephen and his team if you are looking for a professional, commercial business broking firm, they assisted and guided us throughout the business sale process and communicated with us very diligently.

In a tough market we were happy with the result achieved for us by Stephen & the Transworld team.

 

Connie Falcone
Director

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Connie Falcone