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Thomas Bonney

Thomas Bonney
Be Prepared When Spinning the Exit Wheel

November 5, 2019 By Clare Yuritch, Thomas Bonney

Be Prepared When Spinning the Exit Wheel

The process of selling a business can be a lot like spinning the Wheel of Fortune, with the pointer stopping in sections named “6x EBITDA,” “11x EBITDA,” “Diligence Issues,” “Recession” and “Leadership Gaps”; the latter of these serving as the sell-side equivalent of “Lose a Turn.” Or, it can be a structured exercise in preparation, transaction and transition.

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