This article was originally published in Forbes. A recession is not typically an ideal climate for M&A activity to flourish. But this recession, and our world right now, is anything but typical. Our firm has fielded an unusually high number of calls from business owners worried by the unknowns of the global pandemic, the state…
This article was originally posted on South Florida Business Journal. If you’ve ever spoken with an investment banker or broker about selling or raising capital for your business, you’ve undoubtedly heard about EBITDA. EBITDA — or earnings before interest, taxes, depreciation and amortization — is a widely used earnings metric, particularly when quoting valuation “multiples”…
The Emperor Isn’t Wearing Clothes WeWork is Silicon Valley’s latest fallen angel. The co-working start-up raised an enormous amount of cash from venture capital firms, with a final private valuation of $47 billion (roughly ten times the valuation of its profitable peer). But, when the company took its first steps to go public in August…
You spent a lifetime building your business: don’t neglect its value. Whether you plan to sell your business in a year, five years or don’t plan to sell at all, building a sale-ready business not only improves valuation but also minimizes risk and adds real value. Even if your exit strategy involves handing your business…
Mergers and acquisitions happen quite regularly with businesses of all types. Those on the buy-side need to have an understanding that goes beyond the company’s financial reports. If they’re not asking about the organizational structure and culture, you better run. With that said, the due diligence process can be intimating if you’re unaware of what…
