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ACQUISITION AND FUNDING OF SUNNYBRAND CHICKENS |
- We had been acting for this client in his other business ventures for a period of some 8 years and working with him on and off with this opportunity for 4 years.
- Sunnybrand, a vertically integrated poultry growing, processing, marketing and distribution company employing 400 employees, was acquired by our client, a broiler grower for Sunnybrand who was financially backed by a group of “friendly investors”
- The vendors who established and operated the company for 35 years had no succession in place and were seeking retirement
- We were engaged by our customer as lead advisor on the “buy side” to manage the acquisition process under a negotiated exclusivity arrangement
- InterFinancial’s lead advisory role encompassed the following:
- Preparation of detailed financial models and information memorandum (for banks and equity investors);
- Capital restructure including senior debt raising (doubled borrowing capacity) and assistance in equity raising (investor presentations, Q&A);
- Negotiation with financier in relation to financial covenants and other terms and conditions;
- Management of the overall acquisition process, including coordination of legal and accounting advisors & due diligence process;
- Active involvement in resolving transaction related issues including tax, stamp duty and conditions precedent;
- Negotiation with vendors on price and transaction structure;
- Assistance in drafting contracts, shareholders agreement and settlement.
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Recent Transactions