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Peter Wallace

Non Executive Director at

Member Since March 2015

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Managing Director of Endeavour Capital, an independent corporate advisory firm specialising in providing solutions to smaller and middle-market Australian companies

Our services include acquisitions, business sales, business valuations and succession and exit planning

see www.endeavourcapital.com.au or www.endeavourbb.com.au

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Peter Wallace answered this question

Can I sell off part of my business without losing control?

Hi PhilipYes, you can sell off part of your business and keep control.In general there are two types of situations when selling off part of your business is viable raising capital to expand your business progressive sell down when you are heading towards retirementNaturally any new investors will consider whether the corporate governance arrangements can sufficiently protect their minority investment, which is usually done through a shareholders agreement. Shareholders agreements may cover issues such as directors, sale of shares, approval of major transactions, dividends, reporting and liquidityI am particularly a fan of the progressive sell down, as part of an exit planning exercise

Buying a Business

How to Buy an Existing Business: A Comprehensive Guide

Many people dream about owning their own business. However, few convert that dream into a reality. Unfortunately for some, the dream of business ownership turns into a nightmare -- often because they do not fully understand the issues surrounding business ownership. Here is a comprehensive guide to help you through the process of determining whether you should own a business, and hopefully reduc...

Buying a Business

How to Buy an Existing Business: A Comprehensive Guide

Many people dream about owning their own business. However, few convert that dream into a reality. Unfortunately for some, the dream of business ownership turns into a nightmare -- often because they do not fully understand the issues surrounding business ownership. Here is a comprehensive guide to help you through the process of determining whether you should own a business, and hopefully reduc...

Peter Wallace answered this question

Can I sell off part of my business without losing control?

Hi PhilipYes, you can sell off part of your business and keep control.In general there are two types of situations when selling off part of your business is viable raising capital to expand your business progressive sell down when you are heading towards retirementNaturally any new investors will consider whether the corporate governance arrangements can sufficiently protect their minority investment, which is usually done through a shareholders agreement. Shareholders agreements may cover issues such as directors, sale of shares, approval of major transactions, dividends, reporting and liquidityI am particularly a fan of the progressive sell down, as part of an exit planning exercise

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