IAN ROBINSON CASE STUDY: PURCHASE OF BUSINESS IN SUCCESSION PLAN

My farming clients were crossing the Golden Gate Bridge in San Francisco when I sent news that their refinance went through successfully!

After 8 months of negotiating with solicitors, accountants and three banks, the succession plan in buying out their family related business partners was complete.

The outcome for them was a huge relief given that $3.75m was at play to conclude the transition, all at a time when a lifetime trip was in motion.  Beyond the formal tender process, RSP was able to assist in managing all the issues that were raised during the settlement process back in Australia and kept the clients informed as they traversed Canada, Alaska and America.

More importantly, the refinance created an annual savings more than $70,000 p.a. when compared to their existing funding arrangements which has provided substantial financial relief, given the commencement of the drought was drawing upon them.

Quietly, I believe that some of the savings may now go into an annual overseas trip….

 

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