What is Disposal (Sale)?

Definition

A disposal is the sale of all or part of a company, business or assets by one or more shareholders. A disposal may involve a strategic buyer (trade buyer), a private equity fund or another financial investor. Depending on the transaction structure, it can take the form of a share deal or an asset deal.

Why it matters

A well-planned disposal can help shareholders maximise value, manage transaction risk and achieve their strategic objectives. Careful preparation, an appropriate sale process and access to a broad pool of potential buyers can have a significant impact on both the terms of the transaction and its overall outcome.

In practice

A disposal typically involves preparing the business for sale, assessing its value, identifying and approaching potential buyers, managing the sale process and negotiating the transaction through to signing and closing. An M&A adviser supports shareholders throughout the process, helping to structure the transaction, engage with potential buyers and achieve the best possible outcome.