Register to get free articles
Want unlimited access? View Plans
Already have an account? Sign in
Quantuma’s corporate finance team has advised freight services company, Globexair, on its sale to an employment ownership trust (EOT).
The deal sees ownership transferred from founder and majority shareholder, Peter Wigmore, to the trust, giving employees a controlling interest in the business.
Quantuma advised on the transaction, with director Philippa Robinson, manager George Fawcett and executive Amelia Biervliet leading the process.
Tax support was provided by managing director Holly Bedford and director Dominic Lay of Quantuma’s sister firm, K3 Tax Advisory.
Founded by Wigmore, Globexair provides import and export services, including freight forwarding, customs clearance and express courier services, for freight forwarders and e-commerce providers, particularly those based in China and the Far East.
EOT structures are designed to grant employees beneficial ownership of a company while offering a tax-efficient exit for shareholders.
According to Globexair, the move would help preserve its “strong culture of collaboration, innovation and mutual rewards”.
Wigmore said: “This is a key milestone for the company, and I would like to thank our amazing team of individuals at Globexair, as well as our loyal customers who have all been so valuable to our success as a company. I look forward to being part of this next stage of the company’s exciting journey.
“I’m also incredibly grateful to the teams at Quantuma, K3 Tax Advisory and Clarke Willmott, whose outstanding support and expert guidance were instrumental in making the transition to an employee-owned model a reality.”
Robinson added: “We are thrilled to have supported Peter, Dave and the rest of the team in the successful sale of Globexair to an EOT. Employee ownership is rapidly gaining recognition as an efficient way of driving sustainable growth and offering a tax-efficient solution for shareholders planning their exit.
“We admire Globexair for adopting this progressive strategy and look forward to seeing Globexair’s continued success in the future.”
