An Example of a Head of Terms Document

The Heads of Terms (HOT) document, or the Letter of Intent (LOI), as it is often referred to, is ...

What are Add-Backs to EBITDA?

Add-backs or adjustments to EBITDA are shown in the Information Memorandum (IM). These items are ...

Is a Management Buyout (MBO) Better than a Management Buy-in (MBI)?

Key Differences Between an MBO and an MBI There are many differences between an MBO and an MBI. The ...

How does a debt funded deal work?

How does a debt‑funded deal work? The following is a deliberately simplified example, purely to ...

What Type of Businesses Does a Funder Like to Back?

What Makes a Business Attractive to Funders? A funder is most keen when the business in question ...

What Information Will I Need to Supply to Funders?

What information will I need to supply to funders? Once you’ve selected the relevant funder and ...

What Fees are Payable on a Business Purchase?

What Fees Are Payable on a Business Purchase? There are several categories of professional and ...

How Do I Find a Business to Buy?

Different Ways to Source a Business Acquisition Deal There are numerous ways of sourcing a deal. ...

Can I buy a business outright with my own money ?

The answer to this question is simply yes, you can. But there are many caveats to the answer, a lot ...

Private capital required for a transaction

How much personal capital is needed to make a transaction happen? This depends on a number of ...

What happens at a funder’s credit committee meeting?

A funding application for a debt funder in particular is likely to go through a couple of rounds of ...

Funding a Transaction

How do I fund a transaction? There are several potential routes to funding a transaction, and the ...