Here’s how the selling process works. Keep in mind that in some cases, parts of the process may run conjunctionally or in different orders, depending on the buyer. However, a majority of deals run this way.
A competitive process with multiple buyers is designed to extract as much of the synergies that buyers get as possible.
1) First, we’ll run a valuation process through our proprietary software that provides a base-line valuation AND detailed information on all areas of your business, highlighting the strengths and weaknesses.
2) We then prepare an Information Memorandum (IM) that provides the necessary details for buyers to properly assess the business.
3) We will start the marketing process with an end date for Expressions of Interest (EOIs) to be tabled by interested parties. Prospective buyers receive the IM.
4) Once EOIs are received, we:
5) We agree on price and terms with one or two buyers who then go through the Due Diligence Process.
6) Next, it’s time for us to Manage the Due Diligence Process and defend your position if any issues arise.
7) We will finalise the preferred buyer and negotiate, then Execute, a Term Sheet that covers the key contractual terms.
8) After we finalise, we’ll Negotiate the final Sale Agreement.
9) Finally, we’ll Settle the deal.