Advised on the sale of Small & Gunn, a Sydney based wealth management practice, on behalf of the principal's deceased estate
The Problem
JNP Advisory acted on behalf the deceased estate of John Small, the sole practitioner of the long-established Sydney based financial planning practice, Small & Gunn.
The Executor of the sole principal’s estate wanted to achieve the highest possible price and most favourable terms in the shortest possible time and to retain the value of the practice.
The deceased practitioner had a very ‘hands on’ approach to clients, so finding a purchaser who was culturally aligned to the deceased practitioner's former engagement proposition was important.
The Solution
JNP Advisory undertook a discrete marketing campaign to secure an acquirer who had the capacity to execute a transaction and transition the client base in the shortest possible time, whilst remaining sensitive to the deceased’s legacy.
JNP Legal were closely involved in the transaction from the term sheet stage and completed the legal documents which resulted in a seamless and timely execution of the transaction.
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, resulting in JNP Advisory managing the transaction from start to finish delivering a great result in the shortest possible time.
Thomas Small, Executor, Deceased Estate of John Small
The Outcome
- 21 days to complete the transaction
- 5 expressions of interests received
- Above benchmark price and terms achieved
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