Divestments
Hall Capital offers clients independent, unbiased advice as to available divestments options which may include:
- Trade Sale - sale to an industry participant;
- Public Float - full or partial sale to institutional and private (retail) investors involving a listing on the Australian Stock Exchange Limited;
- Leveraged Buyout - sale to a financial buyer (usually backed by venture capital and significant proportion of bank debt);
- Management Buyout/Buyin - sale to incumbent / new management team (usually backed by venture capital and significant proportion of bank debt).
Hall Capital is able to perform a meaningful analysis of the above alternatives for clients up front. It has experience in running tender sale processes that allow all of the above divestment options to be fully explored.
Independence and industry expertise allows Hall Capital to help clients choose the best underwriter for their business and achieve the optimal issue pricing, structure and fees.
Services offered in the divestment area include advice regarding:
- Commercially preferable sale/float structures;
- Sale methodology to be adopted (closed tender, open tender etc);
- Sale/float market pricing parameters;
- Information memorandum/prospectus drafting;
- Appointment of underwriters/brokers, legal and accounting advisers;
- Identification of potential purchasers/investors;
- Negotiations on behalf of the client with purchasers/investors/ underwriters.