4 ms·
Like Patrick, I also sold my company through FEI (http://feinternational.com/ http://feinternational.com/) last Fall. Once we got all our information in place,
by callmeed 11y ago
Like Patrick, I also sold my company through FEI (http://feinternational.com/ http://feinternational.com/) last Fall. Once we got all our information in place, the process went very quickly. We had several interested parties and due diligence calls almost immediately. After that, we had 3 offers. There were a few unexpected hiccups (I think there always are with acquisitions) but overall the process was very smooth and I'd use them again. I'd recommend registering with them and getting to know one of the brokers. They'll start sending you deals as they come in.
A few recommendations based on my experience (YMMV):
- Cash is king. While you should definitely structure the deal with a transition period, an all-cash offer carries more weight than a deal where you are financing some/all of the price. You'll need to show proof of funds too, so make sure you can do that easily.
- Get your attorney on standby. You'll probably need help with offer letters and purchase agreements. Plan on going through a couple rounds of revisions for both.
Feel free to email me if you have more questions.