Affinia advised the shareholders of EBCam, a Cambridge-based specialist in employee benefits and financial planning, on the successful sale of the business to Verlingue UK.
EBCam is a highly respected Employee Benefits consultancy, including offering Financial Planning and advisory support, with an experienced team and an impressive portfolio of clients.
Verlingue is an independent, family-owned business that aims to be a valued long-term risk management partner for its clients. The group has particular expertise in designing and placing corporate insurance and employee benefits programmes, making this acquisition a strategic step in strengthening its UK offering.
“This transaction demonstrates how expert technical advice brought in at the right time can help to achieve a successful outcome during the negotiation of completion mechanisms. By working closely with EBCam’s shareholders, we were able to understand the trends driving the business and to support the negotiation of an optimal basis to calculate completion adjustments, amongst other commercial points, protecting value for our client.”
– Chris Theobald, Director of Transaction Services, Affinia
Affinia acted for the sellers to negotiate the adjustments for working capital and free cash at completion and to negotiate specific accounting policies and the process for completion accounts to be prepared, providing expert guidance and hands-on support on commercial matters.
Our involvement included:
Completion mechanisms can be a complicated area, in which there’s no single ‘right’ answer. We supported the shareholders at EBCam to understand their options and led on negotiations to reach a good outcome that protected value for them.
“Chris and his team at Affinia provided proactive and professional support to the company and shareholders guiding us through the complexities of the accounting aspects of the transaction.
They ensured that we made sensible decisions and helped us negotiate a good outcome.”
Our Corporate Finance team has extensive experience in supporting businesses through acquisitions, disposals, and strategic transactions. Get in touch today to discuss how we can help you achieve your ambitions.
