The transaction was delivered by advisory experts in Quantuma's Corporate Finance team, including Director Philippa Robinson, Manager George Fawcett and Executive Amelia Biervliet. The team was supported by tax specialists Holly Bedford, Managing Director and Dominic Lay, Director from Quantuma’s sister company, K3 Tax Advisory.
Globexair provides import and export services including freight forwarding, customs clearance and express courier services to freight forwarders and e-commerce providers, these are primarily based in China and the Far East.
Selling shares to an Employee Ownership Trust (EOT) is a tax efficient way of granting employees beneficial ownership of a business, aligning their goals with the company’s long-term success and securing a promising future for both the company and its employees. This employee-focused strategy will allow Globexair to build on its already strong culture of collaboration, innovation and mutual rewards.
Quantuma has a strong track record of successfully delivering EOT transactions and was able to draw on its depth of knowledge and experience to successfully deliver a valuation of the company, formulate an optimal transaction structure for the EOT, and provide lead financial and tax structuring advice.
Peter Wigmore, founder and majority shareholder of Globexair said:
“This is a key milestone for the company, and I would like to thank our amazing team of individuals at Globexair, as well as our loyal customers who have all been so valuable to our success as a company. I look forward to being part of this next stage of the company’s exciting journey.
I’m also incredibly grateful to the teams at Quantuma, K3 Tax Advisory and Clarke Willmott, whose outstanding support and expert guidance were instrumental in making the transition to an employee-owned model a reality.”
Philippa Robinson, Corporate Finance Director at Quantuma, responded:
“We are thrilled to have supported Peter, Dave and the rest of the team in the successful sale of Globexair to an EOT. Employee ownership is rapidly gaining recognition as an efficient way of driving sustainable growth and offering a tax-efficient solution for shareholders planning their exit.
We admire Globexair for adopting this progressive strategy and look forward to seeing Globexair’s continued success in the future.”
Partner Kelvin Balmont and Trainee Solicitor Joe Wheeler of Clarke Willmott provided legal advice in support of the transaction.