The sale process
The following shows the key steps involved in a Cavendish managed sale exercise and a guide to the likely timing:
| Stage | Months from start |
|---|---|
| Appointment of advisors | 0 |
| Preparation of information memorandum | 1 |
| Agree list of potential purchasers | 1 |
| Commence marketing | 2 |
| Initial meetings with potential purchasers | 3 |
| Receive indicative offers | 4 |
| Draft Heads of Agreement | 5 |
| Completion | 6 to 7 |