Carl Lundberg, partner at accounting and advisory firm Gerald Edelman, discusses why smaller acquisition transactions often require more hands-on effort than large corporate deals.
“Normally working on kind of smaller transactions they are, you know, you need a little bit more input. The buyers and the sellers actually need a bit more support to get the deal done. And often, you know, things tend to come up because the businesses aren't quite as formalized, the systems in place aren't quite as strong, and there's quite a bit more work that needs to be done during the deal process. Whereas, you know, in larger deals with more structured, more formal, more mature businesses all that stuff is, is set up well before.”
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Lundberg: Corporate Business Deadlines Are Usually Arbitrary Nonsense
“I think that I've seen actually, as I've kind of gained experience and worked in professional services for longer and worked with lots of different businesses over the years, the deadlines often are nonsense, right? And it's a, you know, best endeavors type si…”
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AssertionNot checkable as stated
Lundberg: The UK Has Roughly 200 Active Search Fund Buyers
“Optimistically there's maybe. 5000 buyers out there and probably in the UK searches, maybe 200. So there's loads to pick from.”
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“Normally if you find a company that's not on the market and you approach them, you know, you can expect that they're going to shop around before they say yes or no to you.”
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“At the moment we're seeing deals in, in, you know, the SME space of between four and a half and five and a half generally.”
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