It is a great time to be the owner of a small- to mid-size specialty practice who is looking to sell. Over the last few years, and particularly within the last 12 months, demand for orthopedics, urology, gastroenterology, radiology, ophthalmology, dermatology, and dental practices among private equity firms has grown, causing a strong increase in […]
There is no question that Valuation plays a huge role in considering the right transaction for you. After all, a transfer of assets is occurring, so price certainly matters. That said, the most promising offers incorporate a comprehensive view beyond just price and include elements that are less tangible such as the following three points: […]
Even if you are a veteran business person with decades of experience, when you decide to contact an M&A advisor for the first time, you may be entering new territory. You may also be feeling a lot of pressure to pick the right team, to understand your options, and to choose the best path forward. […]
Deal structuring, or the process of creating a deal structure that is suitable to both the buyer and the seller, is a defining step in every acquisition or merger. If you are new to the process, it helps to be familiar with some basic vocabulary. We have pulled together this short cheat sheet to help […]
Want to get an equity investors attention? Say the words “no capital gains tax” and there is a good chance you’ll earn instant eye contact. Or at least that is what legislators were banking on when they drafted the Investing in Opportunity Act. What is the Investing in Opportunity Act? The Investing in Opportunity Act […]
As we have written before, buy-and-build strategies are popular in the private equity world right now. But they don’t work every time. Let’s take a look at what makes a “good” or “bad” buy-and-build approach. An example of success When Investcorp acquired Chicago’s Berlin Packaging for around $410 million in 2007, it was already a […]
Selling a business is rarely simple. But selling one that you built from the ground up can feel particularly nuanced. Valuation is certainly a critical part of the selling process, but it isn’t the end of the story. There are other elements that factor into a sale beyond the final sale price. 1. People A […]
So called “buy-and-build” strategies are popular right now. Let’s define that approach and why it is exciting to many in the Merger & Acquisitions world. Generally speaking, a buy-and-build strategy refers to the buying of a platform company with a well-developed management team and infrastructure, and then using those assets to acquire multiple add on […]
Sometimes, owners who are thinking about selling their middle market business will consider managing the sale on their own, relying their internal team and existing attorney and accountant relationships. At first glance, this may seem doable… but most discover that they need the expertise, support, and extra staff power that a partner who specializes in […]
One of the first and most critical steps in selling or acquiring a company is the Letter of Intent. It is one of the first opportunities for mistakes to be made. Let’s take a look at why LOIs are so critical to your success in completing a transaction. What is an LOI? Almost exclusively used […]
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