Corporate management firm EMC has completed the sale of a client to $3 billion American corporation Intuit.

EMC Corporate Finance, based in Hove, completed the sale of its Essex-based PaySuite within six weeks despite difficulties posed by long distance negotiations.

EMC director Desmond High said: “We dealt directly with Intuit’s global M&A team, based in San Francisco, and even though this was a pretty small deal by their standards, the eight-hour time difference made for a lot of busy evenings on conference calls.

“None of the parties running the transaction – Intuit’s in-house counsel, lawyers and due diligence teams on one side, and us and PaySuite’s other professional advisers on the other – ever actually got together in person.

“The only exception was on the day of completion when I met with Joe Guzel, a rising star of Intuit’s M&A team who was driving the deal for them, in their London office.”

It is the second time in months that EMC has had a rapid turnaround transatlantic deal after the sale of $100 million freight forwarding and logistics company Bellville International to OIA Global.

That deal, which won EMC several industry awards, was completed within 100 days of initial contact with the buyer.