MERGER, ACQUISITION
AND SALE:
THE OVERVIEW
The
Seller
Manage Business Effectively- As the exit strategy
is developed and implemented the business owner must
continue to manage the business for maximum
efficiency, profitability, and market franchise. Make
the business reflect its true value. Focus on the
business.
Exit Strategy- Developing an exit strategy is
complex. Important considerations include planning
for the highest and best use of the business, timing
and market conditions, reinvestment, succession and
family ownership, and tax effective strategies.
Create Liquidity-
The objective of the exit strategy is to allow the
owner to realize the highest value of the business
by creating liquidity. This liquidity may be a purchase
for cash, for stock, or a future income stream. Focused
analysis of all alternatives is imperative. We assist
with defining these issues, providing the relevant
analysis, and prioritizing the issues.
The
Buyers:
Access to the widest pool
of buyers is critical to achieving the best price.
This access increases the prospects for finding the
buyer who recognizes the highest and best use for
the business, which in turn creates the best value.
The search should include
buyers with operating synergies. This helps to generate
acquisition savings, enhance cash flow, and result
in higher valuations.
Research and Analysis
is fundamental to a successful sale. The market for
private transactions is not efficient, and information
regarding transactions is not readily available. Utilizing
our network of offices, we can identify the maximum
number of similar transactions to quantify the market.
The
M&A Professional:
Our Group has been selling
businesses in the U.S. and around the world for over
twenty years, and currently maintains over fifty offices
in strategic locations.
Our Principals have been recognized as some of the
most successful innovators in business sales, and
have served with the finest firms on Wall Street.
The experience and professionalism of the firm's Principals
results in a high success rate for its clients.
Pricing and negotiations in a successful
sale are based on the best information available in
the marketplace, and on solid analytical fundamentals.
The analysis must be thorough, credible, and positive.