What is an Exclusivity Clause?
An exclusivity clause is a provision in a letter of intent that prevents the seller from soliciting or entertaining offers from other […]
What is Equity Rollover?
An equity rollover is an arrangement where the selling owner reinvests a portion of the sale proceeds into the acquiring entity, retaining […]
What is an Earnout?
An earnout is a deal structure where a portion of the purchase price is contingent on the business achieving defined performance targets […]
What is Enterprise Value?
Enterprise value is the total value of a business as a going concern, what a buyer pays for the entire operation, before […]
What is an EBITDA Multiple?
An EBITDA multiple is the number by which a buyer multiplies normalized EBITDA to arrive at enterprise value, the single most consequential […]
What is an Exit Timeline?
An exit timeline is the planned schedule for completing an ownership transition, the horizon that determines how much time is available to […]
What is an Exit Strategy?
An exit strategy is the specific plan for how, when, to whom, and under what terms ownership of a business will be […]
What is Exit Readiness?
Exit readiness is an assessment of how prepared a business is to successfully complete an ownership transition, across the business, financial, and […]
What is Exit Planning?
Exit planning is the process of deliberately preparing a business, its finances, and its owner for an ownership transition, so that when […]
What are Exit Options?
Exit options are the range of paths available to a business owner to transition ownership, each with different financial outcomes, timelines, and […]
What is an Employee Share Ownership Plan (ESOP)?
An ESOP is a structured program that transfers ownership of a business to its employees, providing the owner with an exit mechanism […]
What is Equipment Financing?
Equipment financing is a loan or lease structure specifically designed to fund the acquisition of business equipment, with the equipment itself serving […]