| Despite the turbulence in the market that has | | | | corporate finance solicitor. |
| been rumbling for just over a year now, a leading | | | | This, according to the commercial solicitor is |
| commercial solicitor has claimed that funds for | | | | namely down to the changes in the market, which |
| acquiring and selling businesses is still widely | | | | has caused opportunities to open up in certain |
| available. | | | | markets, both in the form of changing needs and |
| However, the solicitor has warned that banks will | | | | the potential bargain of the so called 'insolvency |
| be paying even more attention to every | | | | sale market'. In addition to this companies are |
| transaction now; due to the decline in the amount | | | | struggling to raise further finance as trading capital |
| of overall transactions by banks and the increase | | | | so are having to seek out merging to avoid |
| in nervousness in the market. The solicitor further | | | | insolvency. |
| went on to advise that anyone looking to sell any | | | | However attempting to pick up a bargain in this |
| businesses in their portfolio to do it sooner rather | | | | insolvency market is not always as |
| than later and to be upfront and honest at the | | | | straightforward as it may look and it could open |
| start of the transaction rather than risk any | | | | up a Pandora's box of problems and risks as |
| issues coming out halfway through the transaction | | | | most issues surrounding insolvency can cause |
| and jeopardizing it, which can reduce the price | | | | nasty surprises. It is always of massive |
| dramatically and shift the strength of the | | | | importance that the buyer finds out as much |
| negotiations due to the damage caused to the | | | | information about the business and the previous |
| business and the relationship between the two | | | | owner to ensure that any skeletons in the closet |
| parties. | | | | are dragged out as early as possible to cut down |
| The solicitor went on to further state that most | | | | on the stress and costs later. |
| venture capitalists have money to spend and | | | | Anyone looking to sell their business in these |
| invest in businesses but are having to be more | | | | troubled times are advised not only to get |
| prudent and will pay a great deal of attention to | | | | extensive legal assistance and advice through |
| every deal to ensure they extract the maximum | | | | every stage of the deal but also to market their |
| profit from every deal and in a quicker period. | | | | business thoroughly to ensure maximum interest. |
| Also there has been a slow down in the market | | | | Furthermore the deal should not be rushed |
| for certain types of transaction the number of | | | | through for a quick sale as their could be some |
| overall transactions in the market remains strong | | | | problems at the end due to either party not |
| with the need for fund raising and company | | | | taking time and consideration about the deal. |
| restructuring being high according to the solicitors | | | | |