Headquartered in Cambridge, Januarys was a specialist commercial property consultancy business, and recognised as one of the leading chartered surveyor’s practices in East Anglia.
Avondale worked with Januarys’ owners over 18 months to help prepare the company for sale.
Firstly, Avondale facilitated the acquisition of a subsidiary business, bolstering the company’s recurring revenue streams. Secondly, Avondale focused on optimising the lettings aspect of the business, recognising its significant value contribution. Throughout this period, Avondale meticulously evaluated and refined the company’s systems, processes, and management approach, ultimately enhancing its overall value and ensuring its readiness for sale.
As a result of these efforts, the owners found themselves well-positioned to realise a deal value substantially exceeding initial estimates. Avondale orchestrated a competitive auction sale process, leading to Carter Jonas emerging as the winning bidder. Since the acquisition, the Januarys team has continued to experience notable growth and success under the guidance of Avondale.
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“We would thoroughly recommend Avondale to any company currently in the position we were in two years ago of knowing you need to do ‘something’, perhaps feeling that you do not want to and certainly not knowing what ‘something’ might be or look like! Their guidance was invaluable.”
Simon Dazeley, Managing Director, Januarys