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As someone who just went through an acquisition I hope that people will begin to write more about the acquisition process -- there's so much out there about rai
by inmygarage 12y ago
As someone who just went through an acquisition I hope that people will begin to write more about the acquisition process -- there's so much out there about raising financing, especially a seed round, and very little about M&A.
Thanks for putting this together, Justin.
- tptacek 12y agoHow much did legal cost you? :)
- jasonwilk 12y agoLegal really will depend on the firm. For my exit, I used a boutique firm that ended up costing around $75k, but when I spoke to even my friends at the larger tech legal firms like Orrick, they wouldn't even consider it for under $250-300k. It can be pricey.
- tptacek 12y ago$75k is the lowest price I've heard for this so far. Congrats, you got a deal! :)
- larrys 12y ago"Congrats, you got a deal! :)" Well legal is there for a reason so it's hard to say if this was a "deal" or not.
- JangoSteve 12y agoWe also just went through an acquisition and had legal costs in the same range. One thing that really helped us on that front was that both our attorneys and the acquiring company's attorneys were really forthright about not just the negotiations and modifications to the agreements, but with our motivations and reasoning for such changes, so that each side was actually able to help the other side figure out what changes should be made. This also helped us identify very early which changes were immaterial which allowed us to move along quickly without getting bogged down in semantics.
- aquiredanon 12y agoBrand name firm, ugly legal bill: ~2% of the deal size - but initial offer through diligence to closing was like most of a year back and forth.
- aquiredanon 12y agoor I should say: yes, a countable number of Maseratis.