M&A

If you’ve made it to Letter of Intent (LOI), it’s tempting to fixate on just enterprise value. But as Mike Harvath explains our Sell-Side Masterclass Series, deal structure is the terms of how you get paid, and it can matter just as much as the...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_empty_space][vc_column_text]EBITDA multiple arbitrage gets tossed around a lot. In plain English: buy smaller, healthy firms at lower EBITDA multiples, integrate them into a stronger platform, grow revenue and profit faster, and—because the combined company deserves a higher multiple—capture...