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SALE OF HIGGINS TRADING COMPANY |
- InterFinancial acted as Lead Advisor to the shareholders of Higgins Trading Company (HTC), a specialist recycling and paper packaging business that has been owned and operated by the Higgins family since 1955.
- InterFinancial managed the sale of HTC to the public listed company, Transpacific Industries Limited (TPI).
- InterFinancial’s lead advisory role encompassed:
- Preparing the business and the shareholders for the sale process (preparation of models, forecasts, information memorandum, indicative valuations etc)
- Defining the transaction strategy and structure (assets v shares, treatment of properties)
- Developing a staged and targeted sale process to maximise competitive tension (and pricing) while maintaining confidentiality of the process from the broader market; and
- Managing disclosure and documentation including ensuring the quality and timing of information (in a mutual disclosure process).
- InterFinancial adopted a proactive role in identifying issues and roadblocks and working with the shareholders to develop and implement practical solutions.
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Recent Transactions