Signed engagement letter June 2008, price agreed on a solus deal twice so no auction, just a one on one negotiation with one interested purchaser. EBITDA never really clear until recently, heads to be signed tomorrow, 15 months from starting discussion. Mid market M&A in 2009…..
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FT.com / UK – Lack of deals sparks private equity shake-up.
One of my friends, a banker who has done quite a lot of big stuff, pointed out to me today how things are up there in big deal land. You can’t get any bank to do more than a £25m hold and there’s no syndication [...]
I use the term advisedly. Having worked with many entrepreneurs who have had to leave the businesses they have created over the years, “succession anxiety” is a disease that can have some unpleasant outcomes. In the middle of a sale process, it often leads to what looks like a narcissistic desire to prolong the process [...]