Switching from “family run” to “family owned” business
In our mergers and acquisiiton consulting practice we found out that that most owners are selling their companies because there is nobody who can take over their business. The key here is not to transfer your business to your kids but to create a company structure and processes which will allow your company to be managed by another person. Doing this will help your company also at a future process of M&A. No investor likes to invest in a company which is too dependent on its founders. The team of Synergy Group can help you with this process and consult you with:
Diagnostic analysis of the company
Creating a family constitution
Creating and structuring an active board of directors
Evaluation of the board
Structuring of a family council
Preparing procedure ad tools for choosing a new CEO
Creating an internal audit department
Structuring of a family office