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May 2023
50m 5s

Best Practices When Selling a Business

KISON PATEL
About this episode

Jeff Wald, Co-founder of Bento Engine

This episode is sponsored by the M&A Science Academy, DealRoom, and FirmRoom. 

To join our growing online community of M&A practitioners, visit https://www.mascience.com/academy

Ready to take your M&A to the next level with software made to manage each stage of the deal process? See how DealRoom can facilitate your next deal at https://www.dealroom.net  

FirmRoom provides 80% cost savings over VDRs that bill by page and delivers a far better user experience to boot. Sign up in under 2 minutes by going to https://www.firmroom.com 

Episode Timestamps

00:00 Intro

03:44 Best practices during exits

04:41 Thinking about an exit

09:54 Engaging with investors

14:13 The path to being acquired

18:24 Tips for Outreach

19:49 First conversation

25:11 Key people when executing deals

29:00 Negotiating Law firm prices

30:16 Negotiating LOI

34:37 Confirmatory due diligence

37:06 Communicating with employees

39:13 Announce day

44:55 Integration

47:46 Craziest thing in M&A

 

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