BDO has advised the shareholders of The Majestic Line on the sale of the business to Craig of Campbeltown. The Majestic Line, operating for over 20 years, hosts three to ten day cruising holidays off the west coast of Scotland with a fleet of five small cruise ships. The acquirer is Craig of Campbeltown, t/a West Coast Motors, also based on the west coast of Scotland and an operator of various passenger transport businesses across Scotland.

 

"Selling a business after 20 years of ownership can be daunting and worrying especially if it is all new to you. Choosing the right corporate finance adviser is crucial and we have had no regrets in choosing BDO. Their M&A team did an amazing job and at no time did we feel they were other than totally engaged in achieving a successful sale of The Majestic Line. They quickly understood our business and worked extremely well with us to ensure our business systems, especially our financial ones, were robust and accurate enough to stand up to rigorous due diligence by a potential buyer.

BDO, at a very early stage, identified the market of potential buyers and were able to circulate an Information Memorandum which attracted considerable interest at a time when the environment for selling businesses was not easy. They recognised that we did not want just a sale but that we were looking for a buyer who would value and continue to grow a business we still felt passionate about. Once a suitable buyer was identified, they worked hard with us to ensure we showed the full potential of The Majestic Line and that we obtained a very satisfactory price for our business.

We can fully recommend BDO and its M&A team."
Ken Grant, Owner and Chairman of The Majestic Line