Situation
The company had 6 global offices and annual revenue of $90m and had 2 years where its market share had declined.
CappcoPartners was retained by a large US multinational who wanted to sell one of its under-performing subsidiaries however the price which was previously offered was too low. The company received a formal bid for the subsidiary which was based on a 7x ebitda multiple. The objective was to sell the within 8 months at a higher multiple.