Business Succession Planning Forum – Event 2: Intergenerational Change

Please note this is a HunterNet Member only event - please email info@hunternet.com.au for more information on how you can enjoy the Power of Many.

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Business Succession Planning Forum – Event 2: Intergenerational Change

Many HunterNet members fall into the category of small and family-owned businesses, which in Australia represent 67% of all Australian businesses and provide 55% of private sector employment.  They are often the result of the blood, sweat, and tears of a family, or even several generations of a family.  Ensuring that plans are made for a successful transition of leadership and/or ownership of small businesses benefits the business, its employees, the family relationships, and the peace of mind of the owner.  A key component to successful transitions is carefully managing both business and family relationships throughout the transition.

HunterNet has facilitated a collaboration between SWS Lawyers and KPMG to host a series of presentations and panel discussion events designed to inform members so that they can more capably navigate business succession.  The first event in the Forum was presented on the 4th of May and focused on “partnering” – the process by which a business partners with another business, as a pathway to an owner exit.  The next events will cover:

• Business Succession including intergenerational family change and MBO / MBI transitions – 30th of November; and
• Business Sale and restructuring – February 2024.

In the upcoming forum event, the topic of intergenerational family change as well as management buyout / management buy-in will be explained within a panel discussion.  Key guidance is available to assist HunterNet members in considering their options, avoiding pitfalls, and navigating the transition.

This informal panel discussion will have business owners who have successfully transitioned their own business sharing their experiences alongside knowledgeable local advisors to answer questions from the attendees.

Who should attend: Business owners

Location: HunterNet Office

Date: Thursday 30th November

Time: 4:30pm start

Refreshments and canapes provided.

SPEAKERS

Reid Farrell, Panel Host – Associate, SWS Lawyers

Reid is a commercial lawyer with 6 years of legal experience involving commercial agreements, mergers and acquisitions, defence contracts, import and export issues, as well as intellectual property matters during his time as a lawyer in both Australia and the United States. In addition to his legal experience, Reid also has a wealth of practical business knowledge and experience gained in management and as a company shareholder and director.

Reid is familiar with the concerns of company owners with respect to succession planning. He is a shareholder of an Australian company that is almost 160 years old.

Steph Loadsman, Panellist – Lead Partner, KPMG Hunter & Newcastle

Steph is a business advisory and tax Partner with over 13 years’ experience working with mid-market private and public companies, family businesses as well as high net worth families. Steph works with clients across a broad range of industries providing taxation, accounting, business advisory and outsourced CFO solutions.

Through being commercially minded Steph is focused on helping clients achieve maximum realisable value for their businesses and help structure their wealth upon an exit event. Steph’s technical skills and passion combined with her experience means she has a firm grasp of the commercial realities and issues faced by growing and established businesses as well as businesses in transition. This allows Steph to deliver pragmatic advice around income planning, corporate structuring, international expansion, raising capital, family/business governance and succession planning.

Andrew Windybank, Panellist – Principal, SWS Lawyers

Andrew is a corporate lawyer, business owner, and company director with more than 20 years’ experience. He specialises in mergers and acquisitions, divestment and capital raising transactions for small and medium businesses and has advised on several significant private equity investments and exits.

Andrew acts for private and public companies, company directors, private equity funds, private individuals, entrepreneurs, and family groups. He has experience in a range of industries and market segments and regularly works with other specialist advisors to deliver joint venture, acquisition, divestment, and merger transactions or to raise capital or commercialise ideas for his clients.