25 May 2015

Chris Longman of Challenge Energy shares with family businesses what it is really like to sell your business

At the “Succession or Sale” conference put on by Family Business Place in Yorkshire in May, Jim Keeling interviewed Chris Longman, who recently sold Challenge Energy, the business he and his wife, Denise, had built up with their co-founders Nick and Sue Hooke.  Chris explained how he and his fellow shareholders, having received various approaches for their business over the past couple of years, finally reached the decision to sell. In a frank and honest interview, he described the process involved and the various hurdles that had to be jumped before the deal was finally signed. He closed by outlining how Corbett Keeling had been able to steer the transaction to enable them as selling shareholders to get the highest price from the best bidder.

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