We are experienced in acquisition strategies including identifying targets , initiating negotiations and then managing the process through to completion including arranging the funding where required. Our targeted research for clients can find attractive acquisition propositions which are “off market”. Our services include :
    *Pro-active targeted research.
    *Valuation methodologies for the target company.
    *Information gathering and structuring the offer.
    *Negotiation of the purchase.
    *Due diligence where required.
    *Funding the acquisition.
    *Concluding the transaction.

Kinloch can help securing both debt and equity capital. We are well connected both in the Leeds market and the City of London with access to the majority of Corporate Banks , Venture Capital firms , Private Equity funds and syndicates of High Net Worth Business Angels. Our detailed knowledge of the Capital markets ensures that our clients receive the right type of funding at the best price:
    *Debt for MBOs./ MBIs.
    *Recapitalisations. / Refinance.
    *Rebanking on better terms.
    *Acquisition finance facilities.
    *Equity finance for growth.
    *Seedcorn capital.
    * Structured finance including asset finance and working capital facilities.

MBOs and MBIs can be very rewarding but it is often a “one off” opportunity for many individuals and teams.
This is a particular specialisation of Kinloch. Strong emphasis on advising management teams on MBOs , MBIs , BIMBOs, secondaries , development capital and funding.
We can help with:
    *Raising equity , debt and mezzanine finance required for the transaction.
    *Advice on terms for management.
    *Assistance with developing the business plan and financial model.
    *Identifying targets.
    *Acquisition tactics and assistance with negotiations.
    *Advice on the transaction through to completion.

Obtaining an agreed valuation for company shares is a vital part of many commercial transactions. Kinloch has been carrying out company and share valuations for many years on behalf of clients , Banks , Inland Revenue for tax planning purposes and Equity Funders. We have over 25 years experience of providing these valuations. We provide detailed transparent valuation reports for tax planning ,commercial and financial reporting purposes and often assist clients in reaching an agreed valuation with third parties or with the Inland Revenue. A major part of our valuation work is in relation to Employee Share Schemes and in the selling of a business.

For many years Kinloch has carried out Due Diligence assignments on behalf of Banks , Venture Capital Funds and Corporate Acquirers. Due Diligence is the investigative work carried out to assess a potential funding proposition or acquisition target. Each assignment is focused on the clients requirements and concerns. Through the Due Diligence investigation Kinloch obtains an understanding of each business both operationally and financially.

Companies are sold for a variety of reasons. However for the owner of a family company it is usually a “once in a lifetime” event. In order to achieve the highest possible value for your company you need to consider all the key aspects at an early stage. We recommend starting to look at the key areas some 2−3 years before you actually sell .Once the “in principle” decision has been made to sell the company consideration must be given to maximise the after tax proceeds and to ensure that the sale is handled confidentially.
Kinloch will guide the client through all the pitfalls of selling through to a satisfactory conclusion.
Our role as advisor will include:
    *Understanding the business.
    *Preparing a Disposal Memorandum which will provide all the relevant     information to potential buyers.
    *Identifying suitable interested parties and circulating the Memorandum     to them.
    *Assess all potential offers and negotiate with the vendor for the best     possible price.
    *Co-ordinate the transaction with all the other professional advisors involved to ensure that the sale completes within the agreed timescale.
The major element of any sale is the price. Vendors always want more than buyers are willing to pay but good tax structuring can help bridge the gap. While funding structures need to be commercially driven they should also be tax efficient.

AIM was set up in 1995 by the London Stock Exchange to help smaller entrepreneurial companies raise significant capital in order to grow rapidly.
The PLUS market is an Independent UK market and is smaller than AIM but in recent years has helped smaller companies raise significant sums of money. PLUS is regulated by the FSA and specialises in both smaller growing companies and early stage companies.
The PLUS market offers an alternative rung on the ladder to AIM and the listing costs are usually less than half that of an AIM listing. PLUS is generally suitable for companies looking to raise up to £5m but there have been some much larger fund raising exercises.
If you are considering raising capital on AIM or PLUS we can help you:
    *Kinloch will evaluate the suitability of your company for an AIM or PLUS     market listing.
    *Carry out a thorough review of your Business plan in relation to a listing.
    *Guide you through the whole process including introducing you to a     nominated advisor ( NOMAD) , brokers and lawyers that you will need to     progress a flotation and capital raising exercise.
An alternative option is to use a “Shell” company which is already listed on AIM or PLUS . We have access to a number of Shell companies which can be used for a Reverse Takeover which can be a very cost effective method of acquiring a listing and raising equity finance for growth.