Anatomy of an acquisition
In December last year, Stuart Alexander acquired Bishop Skinner. As is common, the deal was finalised after several months of talks and a long negotiating process. Now, in their own words, the buyer, the seller and the adviser offer an insight into the background of the deal, how it developed, progressed and concluded, and how it is bedding down
THE SELLER: TIM HALL, BISHOP SKINNER
The decision to sell came about after the principal shareholder of London-based Bishop Skinner, Doug Bishop, passed away. However, a sale had been discussed on and off for several years. The age profile of the senior management team meant that raising the capital ourselves to increase our shareholding was not an option, so we had spent the past few years getting the business into shape for an eventual sale.
Steps taken included selling the financial services
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