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If you're looking for a way out…

By Peter Rayney, February 2021

Peter Rayney provides some tips for owner-managers using a ‘multiple completion’ purchase of own shares mechanism to facilitate their exit route. 

We have seen a fair number of owner-managers seeking to exit their businesses as a result of the challenges created by Covid-19. Under normal circumstances they may have stayed on a little longer, but since they were approaching retirement anyway, the uncertainties and possibly difficult trading conditions have accelerated these plans. This is especially so when the owner-manager is confident in their adult children or senior management to take the business forward.  

However, in the current economic environment, owner-managers need to be realistic when negotiating their ‘exit’ sale price values. 

Purchase of own shares 

Company share buy-backs are frequently used to provide

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