Due Diligence

A Deep Dive into the M&A Process of LBO Deals

I’ve been thinking…Just what is the M&A Process in an LBO deal? This blog is a follow on to a companion blog, A Deep Dive into the Auction Process of LBOs, which explored the typical actions of both the target […]

A Deep Dive into the Auction Process of Leveraged Buy Outs (LBOs)

I’ve been thinking…Just what is an LBO auction? An LBO involves an M&A deal that is largely financed with debt.  If the target being acquired initiates the deal and is a large company, often an investment bank is engaged to […]

A Deep Dive on the Buyer Due Diligence Standard of Care and Custom and Practice in a M&A Transaction and on the Focus of Buyer Due Diligence in a M&A Transaction

I’ve been thinking…What are the buyer due diligence standard of care and custom and practice in a M&A transaction and what is the focus of buyer due diligence in a M&A transaction? DUE DILIGENCE STANDARD OF CARE AND CUSTOM AND […]

A Primer on Buyer Due Diligence in a Merger & Acquisition (M&A) Transaction

I’ve been thinking…Just what is the meaning of buyer due diligence in an M&A transaction? Buyer due diligence in an M&A transaction is the investigation process performed by the buyer and its advisors to reasonably understand, among other things, the […]

A Primer on Employee Stock Ownership Plans (ESOPs)

I’ve been thinking…Just what is an ESOP? An ESOP, or Employee Stock Ownership Plan, is a unique, tax-favored employee benefit plan that can be used as an acquisition financing technique in a highly structured M&A transaction designed to provide liquidity […]

Dell’s Special Committee…just doing its job

I’ve been thinking… The end of the “go-shop” period set by Dell’s Special Committee produced two more potential bidders to try to top with “Superior Proposals” the currently accepted offer of $13.65/share from Michael Dell and Silver Lake Partners. Blackstone’s […]

Dell due diligence and virtual data rooms

I’ve been thinking… Dell’s Special Committee has its investment advisor, Evercore Partners, combing the market for rival bidders for Dell…not an easy assignment since CEO Michael Dell is part of buyout group that Evercore is trying to supplant.  So far, […]