Advised on the sale of Hunt Strategic Advisors, a Sydney based accounting and wealth management firm

The Problem

Hunt Strategic Advisors was a sole practitioner, Sydney based, accounting firm with a separate financial planning practice, Hunt Strategic Capital.

As part of the principal’s succession strategy, he wanted to achieve a great result for all parties. This included his clients, his team, and the acquiring firm in addition to himself.
‍

These goals were to be achieved by:

Negotiating an above market price & terms delivering certainty regarding his succession
An acquirer with a similar high net worth client base, team culture and engagement model to maximise client retention.
An ongoing role working with clients without day-to-day management responsibilities

The Solution

After completing a strategic review to appraise the business and confirm the objectives of the principal, a discrete marketing campaign was undertaken with a focus on an acquirer with a similar high-net-wealth-individual client base and the capacity to facilitate a smooth merger.

JNP Legal were closely involved in the transaction from the term sheet stage and completed the legal documents, resulting in a seamless and timely execution of the transaction.

We were able to get the best result by leveraging JNP Advisory’s significant corporate advisory and legal experience. Additionally, the coordinated approach between JNP’s corporate advisory and legal meant the transaction and its documentation was more efficient and timelier than would have been the case with unrelated advisors.

David Hunt, Principal Hunt Strategic Advisors

The Outcome

4-week marketing campaign
36 parties registered their interest
9 expressions of interest lodged

The successful purchaser was a two partner, Sydney based accounting firm.

The Vendor has continued to work with the purchaser, along with key staff, for several years after the transaction.

All clients and revenue were retained, with the retention holdback amount paid in full.

Why people choose us

View more results

JNP Legal worked with us to ensure all stakeholders were aligned and that as a result our succession documents met our specific needs.

Eric Nicol, Managing Director, Quill Group Holdings

JNP Legal was able to explain the M&A process and legal documentation and ensure we focused on the important matters.

Matthew Churchill, Director, M & S Churchill

Being able to leverage JNP Advisory’s knowledge gave us the confidence to successfully negotiate a principal exit.

Glenn Harris, Director, Bishop Collins

JNP Legal worked with us to ensure that the legal documents reflected our intentions and the obligations were easy to understand and implement.

Tim Hale, Director, HTA

The JNP Advisory team were committed to delivering a result which satisfied the objectives of all stakeholders.

Tim Eustace, Founder / Principal Advisor, Mercury Private

JNP Legal combined practical commercial advice with legal expertise to explain the terms ensured the deals were completed efficiently and effectively.

Pim John van Gestel, CEO, United Advisory

JNP Advisory took the time to understand our needs to find a culturally aligned buyer who we could work with in the medium term.

Matthew Churchill, Principal, Penrith Veterinary Hopital

JNP Legal worked tirelessly to manage the complex, and often changing transaction, and ensure that the legal documentation married with our expected outcomes.

Michael Donoghue, Director, IP Solutions International Limited

The diversity of parties introduced by JNP Advisory ensured we selected an acquirer which was a cultural fit and aligned to our objectives.

David Bilston-McGillen, Managing Principal, Oxygen Private Clients

The JNP Advisory team worked tirelessly to deliver the right outcomes.

Michelle Brisbane, Principal, Ethical Investment Services

JNP Legal was able to provide clear and concise advice on the transaction documents to ensure that all shareholders were fully informed.

Tim Eustace, Founder / Principal Advisor, Mercury Private

The team at JNP Advisory thought outside the box to ensure the best deal could be done in difficult circumstances.

Mark O’Connor

JNP Advisory was able to help us understand the selling process and supported us with their experience and expertise in the industry at a difficult time.

Thomas Small, Executor, Deceased Estate of John Small

Being able to leverage JNP Legal’s industry insights and M&A expertise allows us execute multiple transactions more efficiently.

Glenn Harris, Director, Bishop Collins