Why I’m Writing About Middle-Market M&A (And What to Expect)
I’ve watched strong deals unravel late in a process – not because the business was…
The First Law of Funds Flow
If you’re an owner considering selling your business, you may land on one of a…
Completion Accounts — and the Art of Arg-greeing
We covered what it means for a transaction to be cash-free, debt-free (see this post)…
The Oft Misunderstood Net Working Capital Peg
The net working capital (NWC) peg is the target amount of capital required to operate…
The Working Capital Conversation You’re Having Too Late
What does cash-free, debt-free have to do with working capital? Well, pretty much everything. Your…