Select Completed Mergers & Acquisitions
Come learn more about investment banking from Bob Winder, who is…
The dental service organization (DSO) is now well established as an attractive structure both for investors who see growth…
In this episode of Point by Point, Morgan Ribeiro is joined by Healthcare Industry Team Co-Chair Eric Scalzo and the…
EBITDA – quality of earnings
A quality of earnings (QofE) study establishes the EBITDA which is the basis of the valuation of the deal. Logan’s CPAs and QofE specialists normalize and optimize adjusted EBITDA adding back one time expenses, seller discretionary expenses, carving out capital expenditures, converting from cash to accrual basis revenue, run-rating new initiatives, etc.
MULTIPLE – Pitch Book
Competitive tension is created by running a robust blind auction process with dozens of investors bidding against each other. This process yields the maximum valuation multiple. It all starts with the pitchbook or Confidential Information Memorandum (CIM).
TERMS – LOI
Letter of Intent (LOI) is the blueprint for the purchase agreement and where the most important economic terms are negotiated.