30th August 2018
Ataraxia Partner with Thompson & Co (Risk Solutions) Ltd of Solihull
Ataraxia Broking Ltd has partnered with Thompson & Co (Risk Solutions) Ltd in August 2018 to effect a management re-structure.
The business was jointly owned by Paul Thompson and his wife Baljit Thompson, and both were looking for an efficient way to give the existing management team (a few of whom are valued family members) a meaningful stake in the business.
The deal sees Paul and Baljit stay with the business with a reduced shareholding, allowing room for 5 new shareholders (including Ataraxia Broking Ltd) to share in the future of the company going forward.
The deal completed on 28th August, and gives Paul and Baljit the comfort of knowing that they have passed succession down to their deserving team, whilst securing good value for their partial sale.
With the unique support of Ataraxia as a silent partner, the plans for the business going forward, focus on growth.