Liveable Management Pty Ltd ("LM) is a specialist owners corporation manager operating in the Melbourne residential and commercial property market providing a range of services to owners corporations.
Our client appointed Mazars to assist them with the process of identifying potential purchasers for the business. This culminated in several strategic meetings with the Founders and a deep dive into the business finances and operations to explore the options available.
Together, the Founders had not completed a sale process before, and it was important to have experienced advisors to help develop an organised and methodical approach and work together. This entailed a series of meetings and approaches with potential acquirers, workshopping price and impacts on price for consideration, and identifying the tax consequences for the founders.
Having developed and worked to a structured process and then following discussions with a number of possible purchasers, it was decided to prove exclusivity to one party, Hive Strata, as this party was identified as an ideal home for Liveable Management.
Following a formal due diligence process and a period of contract negotiations, Liveable Management divested the business assets to Hive Strata.
This transaction achieved a very favourable result for the Founders allowing them to capitalise on having developed a successful and valuable business and enabling them to move forward with their respective personal plans.
The Mazars team played a critical role in managing and facilitating the successful sale of Liveable Management to Hive Strata. Throughout the entire transaction the Mazars team acted as our trusted advisor and assisted us by providing process and structure to the transaction. The team was able to guide us whilst we continued to operate the business. Mr David Mullholland – Co Founder and Director Liveable Management Pty Ltd