Published Date: 10-June-2017
So you are not brokers!, that is usually the start of any conversation about CIEX, then what do you do? is usually the next question.
CIEX is a Marketplace Operated by Accountancy Firms where Businesses are Bought & Sold on behalf of Clients.
Why? (then follows) - ACCESS - there is no single recognised marketplace for selling, buying, or investing in sub €10m businesses. It is often difficult to generate an expression of interest let alone competitive bidding for a client’s business. On the other hand finding the right business to buy is equally difficult. The current methods lack continuity; traditional advertisements disappear from public view within a couple of days. Confidentiality is also a major issue for those who want to keep their intention to sell below the radar, traditionally competitors are often the first parties approached so confidentiality or anonymity are difficult to implement.
The current system of “known investors” does not recognise that this extended period of low interest rates has generated many investors who are looking for alternative investment opportunities. The lack of a recognised marketplace is a major hindrance to investors’ access to deals which reduces competition.
CIEX provides this marketplace, it facilitates deals by providing a professional, confidential, and anonymous platform solely for those interested in investing in, buying or selling businesses.
The how is easy , the CIEX format is simple:
The accountant represents their client, with no third party involvement, secure in the knowledge that they are reaching the widest possible audience of interested parties.
From our experience to date from visits to the CIEX website there is huge interest among business people in finding accountancy practices who offer M&A and TAS services for sub €10m businesses as the majority of hits on www.CIEXGlobal.com end up on our “Members Accountants” page.
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