Practice Engine Limited

Background

Practice Engine was a software company based in the US and UK, specialising in software solutions for accountancy firms. The founder shareholder was looking to sell his 100% shareholding and retire from the business in its entirety within a two year time period.

How Did We Help?

To facilitate the sale, we prepared a comprehensive Information Memorandum that provided potential buyers with a deep understanding of both the business and the shareholder’s aspirations. We also connected our client with specialist tax and legal advisors experienced in handling cross-border transactions.

We then approached a targeted group of potential acquirers and received multiple offers. Our client chose to sell to a UK FTSE 100 business seeking to establish a presence in the US marketplace.

The Result

Our client received a multimillion-pound payout on the day of completion, along with an earn-out payable within 24 months.

Testimonial

My experience with Andrew and Craig and their team can only be described as exceptional.  Their assistance in creating an excellent Information Memorandum, along with providing guidance through the negotiation phase was vital in securing my target consideration.  It was during the protracted due-diligence process where their expertise and advice proved invaluable.  My abiding memory of the transaction was I thought that I was their only customer.  Their continued attention and encouragement made the transition fun and very rewarding.  I cannot recommend them highly enough

Mike Francis, Founder