Following initial discussion, Portchester will provide a rapid answer to managers, owners and advisors in respect of our willingness to purchase the company, and the terms upon which we would be prepared to acquire a majority stake.

The investment process after agreeing exclusivity involves a short period of due diligence, with professional advisors who we have worked with over many years. We would expect to complete and fund acquisitions 8-10 weeks after entering exclusivity, on the terms agreed.

The executives who own and control Portchester form its board and investment committee. This gives absolute clarity on deliverability and decision making to management teams and vendors.