Andersen Home
Our Services
Corporate Finance
Transactions, Succession, Due Diligence and Capital Raising
Succession Planning

Succession Planning

Andersen can provide you with guidance, expertise, and support in navigating the complex process of transitioning leadership and ownership of a business from one generation to the next. Our role is to help you develop and implement a comprehensive succession plan that aligns with your goals, maximises value, and ensures a smooth transition.

Succession Planning

Transitioning a business from one generation to the next is a multifaceted and often delicate process.

It involves a unique blend of financial, strategic, and interpersonal considerations. Our purpose is to provide you with the expert guidance, knowledge, and unwavering support you need during this pivotal phase.

Our team is dedicated to working closely with you to craft a tailored succession plan that meets your goals whilst providing a fair value for the transition. We understand each business has its unique dynamics, challenges, and aspirations. Whether you seek to preserve a family legacy, optimise financial outcomes, or ensure a seamless transfer of responsibilities, we're committed to helping you achieve these objectives.

With Andersen as your trusted partner, you can confidently navigate the complexities of generational transitions. We're here to ensure your business legacy remains strong and that the transition is as smooth and successful as possible, enabling your legacy to flourish in the hands of the next generation.

How we can help:

Strategic Planning

Define your succession goals and objectives, assess your business's current state, and develop a strategic plan for the succession process. We work with you to identify potential successors, evaluate their readiness, and determine the best approach to achieve a successful transition.

Ownership and Management Structure

We'll guide you through options such as transferring ownership to family members, selling to employees or external parties, or implementing a combination of strategies. We can help you design the appropriate ownership and management structure that aligns with your vision for the future of the business.

Financial and Tax Planning

Succession planning has significant financial and tax implications. At Andersen in New Zealand we can work with you to assess the financial impact of the succession plan, evaluate potential tax strategies, and develop a financial plan that supports the transition, maximizing value in the process.

Valuation and Exit Strategy

Determining the value of your business is a critical aspect of succession planning. Our valuation team can assist with valuing your business, taking into account factors such as financial performance, market conditions, industry trends, and growth potential. They can help you understand the value of your business and develop an appropriate exit strategy that aligns with your financial objectives.

Legal and Regulatory Compliance

We can work with you and your legal team to ensure compliance with applicable laws and regulations, review and update necessary legal documents such as shareholder agreements, buy-sell agreements, and employment contracts, and address any legal or compliance issues that may arise during the succession process.

Family Dynamics and Communication

Succession planning often involves complex family dynamics and emotions. We facilitate family meetings, mediate discussions, and help foster open and effective communication among family members. We also provide guidance on family governance, establish decision-making processes, and address potential conflicts or challenges that may arise during the succession process.

Implementation and Transition Support

We don't just help you create the plan, we stand alongside you to implement and manage the transition process. We can help with leadership development, training, and mentoring of successors, and ensure a smooth transfer of responsibilities and knowledge. We also provide ongoing support during the transition period to address any issues or concerns that may arise.

We're Right Here

Contact the team at Andersen to see how we can support you transition from one generation to the next with smooth succession planning.

Let's Talk

What Valuers Look for in Your Numbers

Strong financials are the foundation of any credible business valuation. This article outlines what valuers look for in your numbers—and how to prepare clear, consistent, and reliable financials.

Taxing the Digital Frontier

Explore how New Zealand taxes cryptoassets, Inland Revenue's stance, upcoming global reporting changes, and what advisers must know to ensure clients remain compliant.

How to Prepare for a Business Valuation

Planning to sell or raise capital? In a fortnightly 5-Part Series, learn how to prepare your business for a valuation and unlock its full value with our expert guide.

Building Inflation-Resilient Business Strategies

Inflation pressures challenge New Zealand SMEs daily. This article explores practical strategies to build resilient, adaptable business models that thrive despite rising costs and economic uncertainty.