How to Write an M&A Information Memorandum (w/sample)
The Information Memorandum (‘IM’) is the key document for buying or selling a business via the M&A process. Your IM needs to show your business in the best light while …
Valuation for Start-Ups – 9 Methods Article
We get asked a lot about how to value companies, particularly start-ups and companies that are very young and/or pre-revenue or not making a profit. This is a tricky area …
ICT Valuation Worksheet Sample
I’ve gotten a lot of requests for valuation information lately, and in particular my worksheet for analysing comparable companies – so here it is: Valuation Data Sample – Public and …
Term Sheet Sample 2
This is a downloadable sample of a de-identified Term Sheet (TS) that was involved in a project we did some years ago. It’s a more legally-focussed document than the earlier …
Term Sheet Sample 1
Here is a de-identified sample Term Sheet (TS) that was received for a previous project, to give you a view of what these can look like. Term Sheet Sample 1 …
Completion Agenda Sample Download
Completion is often the climax of the M&A process, but not necessarily the end. It’s generally a meeting of all the key players and/or their lawyers, to sight, sign off …
Sale & Purchase Agreement Sample 1
Here’s a sample of a (de-identified, of course) Sale & Purchase Agreement (SPA) we used for an asset-based purchase of a fairly small business a couple of years ago. These …
Due Diligence Plan – Sample Download
Here’s an example of one of the many Due Diligence (DD) plans and data requests that we’ve received over the years, to get an idea of what a buyer may …
Information Memorandum Sample Download
Many of our clients have been keen to understand what an Information Memorandum (IM) should look like, and we have some pretty strong opinions on this. Here is a (de-identified) …
Non-Disclosure Agreement for M&A Projects
Here is our general Non-Disclosure Agreement (NDA) for M&A projects. It’s quite general and pretty non-threatening, but as enforceable as any in this industry. But remember, NDAs are really only …