Overcoming Obstacles.

Navigating the sale of a business is rarely straightforward, but for one of our recent clients, the journey was even more challenging. In the midst of a difficult divorce, our client found himself required by court order to sell his 38% share in a patented SAAS business. He turned to Bonza to take on the intricate task of finding a buyer for this unique investment.

 

At first glance, it was evident that this sale would require a strategic approach. The incoming buyer would become the largest shareholder but would hold no voting rights or say in any Board decisions, making this a purely passive investment. This limited control posed a significant hurdle for potential buyers.

 

Despite these challenges, Bonza’s team put in 90 days of intensive marketing, fielding numerous enquiries from the market. Throughout this period, it became clear that the most viable buyers were, in fact, the current Board of Directors. Bonza presented this scenario to the Board, and they saw the strategic value of consolidating ownership within the company.

 

After an Extraordinary General Meeting was called, the Board passed a resolution to acquire our client’s shares at 90% of the listed price, aligning with a favourable 3x earnings multiple.

 

This outcome was not only financially rewarding for our client but also brought the resolution he needed to close this chapter and move forward with his life. We were thrilled to help him achieve peace of mind during a difficult time, and this success highlights Bonza’s commitment to crafting solutions for even the most complex business sales.