There’s a deal on the table. What happens now? And what is a due diligence?!?
Founders are often caught unawares by the painful process that comes with trying to close a deal. Whether you are selling all your shares or welcoming a new investor into the business, the process to get that transaction across the line isn’t easy.
At bizval, we believe in empowering founders and preparing them for the tough stuff that nobody else talks about. Corporate finance skills have historically been difficult to access for founders, leading to many talented and hardworking business owners suffering a sub-optimal exit.
Through bizval and our network of professionals, founders have access to all the skills they need to successfully sell their businesses. Of course, if you’re investing in a business, the same applies!
In this webinar, we hosted Andreas Tsangarakis of STBB and Matt Smith of CleverProfits for a detailed panel discussion on some of the most important elements of the deal process.
We covered topics like:
- Do founders generally enter the deal process with adequate preparation?
- When the expression of interest or offer letter arrives, what tends to shock founders? What was unexpected about the contents?
- In assessing an offer, what are some of the major points you look out for?
- Do you have any real-world examples where a founder has agreed to a transaction with clauses that were highly problematic?
Of course, we also dealt with insightful questions from our attendees. Based on the comments at the end of the webinar from the floor, this was an incredibly helpful session for founders who are embarking on this challenging journey of selling a business.
Speak to us about our live or concierge valuation offerings, as well as our recently launched bizval bootcamp service that will help prepare you for battle in having discussions with potential investors. Find out more by contacting us at email@example.com.
More about Andreas and Matt:
Andreas Tsangarakis is a Director in STBB’s Corporate and Commercial Department. He has experience in drafting various contracts and resolutions for commercial transactions, including mergers and acquisitions in the private sector. He specialises in advising on internal company group restructuring, as well as commercial property and financed related transactions.
Matt Smith has several years of experience in advisory services and is now Advisory Director at CleverProfits. In this role, he works directly with founders in executing growth strategies and increasing the value of their businesses.