19 Dec Selling Your Business to an Independent Sponsor
Mike and Ryan discuss the role of independent sponsors in the M&A process for IT services firms, highlighting the differences between independent sponsors and private equity funds or strategic buyers, the importance of demonstrating funding capabilities, and the negotiability of exclusivity provisions in letters of intent. They emphasized the potential benefits and risks of working with independent sponsors, and advised companies to carefully evaluate these buyers while leveraging the expertise of advisors like Revenue Rocket to navigate the process.
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