CEO – Shareholder CMI Safe Company Australasia

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