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Transaction Steps
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Responsibility,
Key Support
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| 1. |
Identify the Target(s).
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Veber Partners,
Senior Management,
Key Shareholders
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| 2. |
Are they interested in selling? |
Veber Partners
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| 3. |
Conduct a brief businessman's review including management's operating approach, financial history, products and growth prospects.
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Veber Partners,
Senior Management
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| 4. |
Determine a reasonable value for the business. Develop a price and general terms acceptable to buyer. |
Veber Partners
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| 5. |
Analyze the new debt available based on the Target's assets and cash flow. Determine equity requirements. |
Veber Partners,
Financial Manager
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| 6. |
Anticipate tax issues for both buyer and seller and determine best purchase structure.
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Veber Partners,
Tax Advisor, Legal Advisor
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| 7. |
Negotiate a mutually agreeable Letter of Intent which generally describes the transaction. |
Veber Partners,
Legal Advisor, Key Shareholders
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| 8. |
Conduct in-depth review (due diligence) of the Target's management, books and records, operations, products/services, and market potential. |
Accounting Advisor,
Veber Partners
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| 9. |
Arrange a suitable package of financing to acquire the ongoing Target and for your own business. |
Veber Partners,
Financial Manager
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| 10. |
Negotiate the detailed terms and any adjustments in price or terms based on diligence results. |
Veber Partners, Key Shareholders,
Financial Manager
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| 11. |
Complete an orderly funding and closing. Legal Advisor,
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Veber Partners,
Financial Manager
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| 12. |
Begin merging the companies' operations. |
Management
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