Mon, 17 Sep 2012 | BUSINESS SALE
The sale of Citation is nearing completion as the company's owners have received a number of offers from private equity and trade buyers.
The employment law and health and safety consultancy is based in Wilmslow and a deal is expected to be reached before the end of the year.
At the moment, PwC corporate finance experts are advising the shareholders on the sale process. Paul Hogarth has a stake of around 45 per cent, while chief executive Lindsay Hill has a 30 per cent stake. Chairman Anthony Bloor, investor Phil Hughes and finance director Julie Moran also hold shares in the business and stand to benefit from a windfall when a sale goes through.
A source commented to the Manchester Evening News: “There's a lot of interest in the business and quite a number of bids have been made. These are currently being sifted. A deal could take place within the next couple of months.”
Citation was founded in 1995 and has 220 staff, including 130 in its headquarters. Its other employees work on a consultant basis nationwide, offering assistance to SMEs on matters such as regulatory compliance, disciplinary and grievance issues and redundancy programmes.
An independent rubbish clearance company founded in June 2019. Specializes in clearing bulky waste from UK residential and office premises, delivering it to recycling stations within a 15-minute radius.
Acquire a major physiotherapy clinic group, operating across the North of England. An ideal platform business for investors looking at the sector or bolt on clinics for a similar group.
LEASEHOLD
We are pleased to present an opportunity to acquire a well-established cardiology practice located in the heart of London’s medical district.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.