For decades, acquisitions of private companies were seen to be a failure most of the time, and that was from the acquirer’s perspective. Research cited in HBR and most popular business magazines claimed 70% to 90% failure rates. It was a graveyard of dreams. But...
During the next three years many companies across the globe will come to market to exit with the help of an Investment Bank and most will be disappointed with the results. Many will receive an underwhelming offer, many will not receive any offer at all, and many will...
Valuation As the owner of a private company you can commission a valuation of your business at any time. For example a 409A valuation is an independent appraisal of the fair market value (FMV) of a private company’s common stock on the date of issuance. This valuation...
Most entrepreneurs start a business to create something valuable whether they bootstrap it from Day 1 or launch through seed capital and/or venture capital. The type of funding will influence the exit process. External funders will expect an exit. If the business is...
Sometimes you meet a friend through a network event, or a common connection, or though your kids but rarely do you realize you have a new friend through a book! Branding For Buyout by Ted Schlueter nails one of the realities of private company exits – most owners need...
As a sell side Investment Banker (I was one for 15 years in London) you will probably specialize in certain sectors after being a generalist. Over time you might have done five or six semiconductor supply chain deals or sold 10 recruitment businesses but to be...