| Through a broker | To a trade buyer | Directly to The Higher League |
|---|
| Fees | Brokers usually charge a success fee, often a percentage of the price, sometimes with an upfront retainer. | Depends on whether you use an adviser. | No broker fee for dealing with us directly. You still use your own solicitor and accountant. |
|---|
| Confidentiality | The business is marketed to many buyers, though usually anonymised at first. | A competitor sees your customers, prices and staff. | One private conversation. We are happy to sign a confidentiality agreement. |
|---|
| Your team | Depends on who buys. | Roles that overlap with the buyer's own are often at risk. | We buy to keep the team running the business. |
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| Your name and culture | Depends on who buys. | Often merged into the buyer's brand. | We intend to keep the name and the way you do things. |
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| Time horizon | Depends on who buys. Funds often plan to sell again. | Absorbed for good. | We buy to hold for the long term, with no plan to resell. |
|---|
| Price | Competition between buyers can push the price up. | A strategic buyer may pay well for synergies. | A fair price based on the real numbers, explained openly. |
|---|
Fees
- Through a broker
- Brokers usually charge a success fee, often a percentage of the price, sometimes with an upfront retainer.
- To a trade buyer
- Depends on whether you use an adviser.
- Directly to The Higher League
- No broker fee for dealing with us directly. You still use your own solicitor and accountant.
Confidentiality
- Through a broker
- The business is marketed to many buyers, though usually anonymised at first.
- To a trade buyer
- A competitor sees your customers, prices and staff.
- Directly to The Higher League
- One private conversation. We are happy to sign a confidentiality agreement.
Your team
- Through a broker
- Depends on who buys.
- To a trade buyer
- Roles that overlap with the buyer's own are often at risk.
- Directly to The Higher League
- We buy to keep the team running the business.
Your name and culture
- Through a broker
- Depends on who buys.
- To a trade buyer
- Often merged into the buyer's brand.
- Directly to The Higher League
- We intend to keep the name and the way you do things.
Time horizon
- Through a broker
- Depends on who buys. Funds often plan to sell again.
- To a trade buyer
- Absorbed for good.
- Directly to The Higher League
- We buy to hold for the long term, with no plan to resell.
Price
- Through a broker
- Competition between buyers can push the price up.
- To a trade buyer
- A strategic buyer may pay well for synergies.
- Directly to The Higher League
- A fair price based on the real numbers, explained openly.
General guidance only. Every broker and buyer is different, so ask any party exactly what they would do.