"The key to a successful acquisition is the early identification of suitable targets"
Andon Frères continuously networks with accountants, solicitors, business brokers, business transfer agents, bankers and corporate finance professionals. Through these contacts, subscription to specialist publications and on-line directories, and continuous researching, we locate companies that are for sale, considering a sale, or "open to approaches and therefore well placed to provide acquisition search services for clients"
We offer clients service levels to suit their individual requirements:
Introduction Only Searching Service Involves obtaining details of the client's acquisition criteria, undertaking regular searching of the market and networking with other firms of advisors to locate companies for sale ("Targets") that meet the client's criteria. We organise confidentiality documentation and the provision of further information then hand over to the client to take things further.
Search Service Plus Includes the above plus ... evaluation of information and accounts, consideration of valuations and advice on deal structures, formulating indicative offers, negotiations with vendors' advisers, and compilation of Heads of Agreement.
Bespoke Searching Service Intended for clients with a more specific acquisition requirement. After determining the client's acquisition strategy and key criteria, we undertake dedicated sector research to locate companies (not on the market) that are potential Targets. From this, we send approach letters and undertake discreet follow up enquiries to determine whether they might be receptive to an acquisition approach. We then arrange confidentiality documentation and organise exploratory meetings, etc.
In relation to fees, we charge a monthly commitment fee (intended as a contribution to our costs), plus a success fee payable only on completion of the acquisition.
Once a target has been identified and a deal agreed, we are available, if required, to provide a range of Acquisition Support Services, but understand if clients wish to work with their existing advisers.