NCMT Holdings is a UK-based precision engineering company that operates in the aerospace, medical, engineering and oil and gas sectors, with annual revenue of more than £50m.
Mazars already had a relationship with NCMT providing auditing services when the company asked us to help with deal advisory, tax, and financial planning services for a shareholder restructuring.
Given the size and complexity of the deal, our Deal Advisory, Tax and Financial Planning teams came together to provide NCMT with joined-up and coordinated advice. We took the time to understand the main shareholders’ objectives worked seamlessly across each service line to develop the right strategy for the client and execute a successful transaction.
Our deals team helped the company on its fundraising, with the key objectives of:
- Facilitating long-term exit planning
- Transitioning ownership to the second tier of management
- Safeguarding the legacy of the company
- Ensuring the ongoing sustainability of the business
In addition, we offered tax advice that allowed the transaction to be treated in a tax-efficient manner, and provided the shareholders with financial advice that included cash flow planning and an assessment of the wealth they needed to meet their personal aspirations.
The outcome was a transaction that maximised shareholder value in a tax-efficient manner, held the shares in trust for the next tier of management, and ensured the business was not over-leveraged and was in a strong position for the future.
NCMT was satisfied that we were able to negotiate and structure a deal that was tailored to their specific objective and exceeded shareholder expectations while meeting all of the success criteria agreed at the start of the project.
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