iMerge Advisors

APRIL 9, 2025

Execution Rigor: From pre-LOI diligence to managing legal negotiations, execution quality often determines whether a deal closes on favorable terms. Morgan bring unmatched reach and capital markets expertise. Large-Cap Tech Deals ($500M+) For billion-dollar transactions, global investment banks dominate.

M&A 40

M&A Boutique Valuation Mergers and Acquisitions 40

iMerge Advisors

APRIL 13, 2025

Stock Sale: Sellers typically pay capital gains tax on the sale of their shares, often resulting in a lower effective tax rate. This type of outcome is common in tech M&A, where deal structure is as much about negotiation as it is about accounting.

Sale 40

Sale Stock M&A Negotiation 40

The Deal

OCTOBER 2, 2023

Enovix, which had a roughly $2 billion market capitalization as of Wednesday’s close, is working to improve the current battery technology that is used widely in consumer devices such as mobile phones. The company is partnering with Android phone makers including Xiaomi Corp. and Lenovo Group Ltd. and Lenovo Group Ltd. Fremont, Calif.-based

Manufacturing 69

Manufacturing Electronics IT Investors 69

iMerge Advisors

APRIL 15, 2025

But when it comes time to sell your company or raise capital, what once felt like a technical shortcut can become a legal and financial landmine. Founders who address these issues early can avoid costly surprises and preserve leverage in negotiations. The key is transparency, documentation, and proactive remediation.

M&A 40

M&A Acquisitions Valuation Sale 40

iMerge Advisors

APRIL 16, 2025

As we noted in Top 10 Items to Prepare When Selling Your Website , the earlier you begin preparing your documentation, the smoother the diligence process will beand the more leverage youll retain in negotiations. A poorly structured deal can result in significant tax leakage or delayed payouts.

Business 40

Business M&A Valuation Negotiation 40

OfficeHours

OCTOBER 23, 2023

This results in the target company receiving a potentially very different capital structure than they previously had, typically with higher debt levels. Once the terms are agreed upon, the acquisition is financed through a combination of debt and equity from the PE firm , as with a typical transaction. Great, I’m learning a ton!

Investors 130

Investors Private Equity Equities Investment 130

OfficeHours

OCTOBER 20, 2023

Since private equity firms use a significant amount of debt and comparatively very little equity to finance transactions, anything that impacts the cost of debt or the ability to raise debt is a very sensitive consideration when considering the capital structure of a potential investment. Great, I’m learning a ton!

Investors 130

Investors Private Equity Equities Debt 130

iMerge Advisors

APRIL 11, 2025

Negotiation & LOI (12 months): Term sheet discussions, exclusivity, and selection of the lead buyer. Deal Structure Asset sales vs. stock sales, earn-outs, rollover equity, and working capital adjustments all add complexity. In iMerges experience, PE-led deals tend to take longer but can offer more flexible structures.

IT 40

IT M&A Valuation Advisory 40

iMerge Advisors

APRIL 16, 2025

But when it comes time to raise capital, negotiate a strategic partnership, or prepare for an exit, the question becomes: how do you actually value your software companys IP? These structures require careful negotiation and alignment of incentives. For more, see How Do I Handle Earn-Outs in the Sale of My Software Business?

Valuation 40

Valuation M&A Engineering Negotiation 40

iMerge Advisors

APRIL 8, 2025

SaaS businesses, in particular, are often valued on a multiple of ARR (Annual Recurring Revenue), with high-growth, capital-efficient companies commanding the highest premiums. A good advisor does more than find buyers; they shape the narrative, run a competitive process, and negotiate terms that protect your interests.

Valuation 40

Valuation M&A Sale Negotiation 40

Focus Investment Banking

APRIL 1, 2024

Leveraging scale and knowing how to negotiate better rates with payors. Decreasing costs (for example, negotiating lower prices on heading aids, drugs for allergy management, and other items through the purchasing power of a larger organization). We do not expect that new platforms will be established until at least 2025.

Private Equity 52

Private Equity Equities Negotiation Investment 52

iMerge Advisors

APRIL 8, 2025

Manage the Deal Process and Diligence Once you receive indications of interest (IOIs) or letters of intent (LOIs), the process shifts into negotiation and diligence.

M&A 40

M&A Valuation Private Equity Negotiation 40

iMerge Advisors

APRIL 14, 2025

Final Tax Filings and Capital Gains Reporting One of the most immediate post-sale obligations is reporting the transaction to the IRS and your state tax authority. Capital Gains Tax: If you sold equity, the gain is typically taxed as a long-term capital gain (assuming you held the shares for more than a year).

Sale 40

Sale M&A Mergers and Acquisitions Capital 40

iMerge Advisors

APRIL 14, 2025

Buyers want to understand how much cash has been collected for services not yet delivered and how that impacts working capital and post-close obligations. Capitalization Table and Option Schedules Cap tables are often outdated or incomplete. A well-documented EBITDA bridge can materially impact valuation.

Sale 40

Sale M&A Valuation Private Equity 40

iMerge Advisors

APRIL 15, 2025

Beyond the standard due diligence and contract negotiations, certain transactionsespecially those involving foreign buyers, sensitive technologies, or market concentrationcan trigger government reviews that delay or even derail a deal. These sector-specific reviews can delay closing or require deal modifications.

M&A 40

M&A Mergers and Acquisitions Advisory Negotiation 40

Sica Fletcher

JUNE 11, 2024

2023 saw a modest drop in insurance brokerage deal volume, from 1043 in 2022 to 957 in 2023, which experts predicted would remain static as the market regrouped to begin a slow growth into 2025. The important data consists of the following points: D eal volume dropped, but not as much as you think.

Broker 52

Broker Insurance Valuation S&P 52

Sica Fletcher

JULY 31, 2024

Equity Over Time in Insurance M&A Transactions Modern capital structures, however, have also changed significantly in the last several years, including various types and classes for categorizing equity, all of which determine who gets paid in what order. That’s why having a partner like Sica | Fletcher makes all the difference.

M&A 52

M&A Insurance Debt Equities 52

iMerge Advisors

APRIL 19, 2025

This article explores the key considerations for SaaS founders contemplating a sale or capital raise, with a focus on how specialized M&A advisory can unlock value, mitigate risk, and drive successful outcomes.

M&A 40

M&A Advisory Business Valuation 40

iMerge Advisors

APRIL 14, 2025

Financial and Tax Documents Final working capital adjustment schedules Tax allocation statements (especially in asset sales) IRS Form 8594 (Asset Acquisition Statement) Payoff letters for outstanding debt or convertible notes 5.

Acquisitions 40

Acquisitions Mergers and Acquisitions M&A Sale 40

Focus Investment Banking

MARCH 28, 2024

The reasoning is simply that, with lower interest rates, a buyer will be able to pay more for the PPM asset as their cost of capital is lower and lending requirements are more flexible. Our Expectations in 2024 and 2025 Generally, many of the largest and most desirable ophthalmology practices have gone to market and been acquired.

Private Equity 52

Private Equity Equities Valuation Acquisitions 52

Sica Fletcher

JULY 23, 2024

Possible Changes in Tax Law May Drive Transactions H2 2021 specifically saw a small surge in deal volume because of expected increases to the laws surrounding capital gains taxes. This means that they often lack the specialized industry knowledge to effectively negotiate your deal. Are you meeting the firm’s principals?

Insurance 52

Insurance M&A S&P Valuation 52

Cleary M&A and Corporate Governance Watch

MARCH 29, 2023

However, we expect that there will be lots of negotiating over the fiscal 2024 budget, so one or more of these proposals may find their way into the final budget. Individual Tax Rate Increases Currently, the top marginal individual income tax rate is 37% until after December 31, 2025, when the top marginal tax rate will be increased to 39.6%.

Accountant 52

Accountant Medical Investment Funds 52

Global Newswire by Notified: M&A

MAY 20, 2025

May 20, 2025 (GLOBE NEWSWIRE) -- Talonvest Capital, Inc., Reframes business plan for the portfolio post-closing is to rebrand the assets with third party management provided by Extra Space Storage (6 facilities) and CubeSmart (2 facilities) and improve the properties through targeted capital expenditures. NEWPORT BEACH, CA.,

Portfolio 52

Portfolio Negotiation Acquisitions Boutique 52

iMerge Advisors

APRIL 12, 2025

Summary of: How to Negotiate the Best Deal When Selling Your Software Company For many software founders, selling their company is the most consequential financial event of their lives. Negotiating the best deal requires more than a strong pitch deck or a high revenue multiple. But in M&A, value is multidimensional. For how long?

Negotiation 40

Negotiation M&A Valuation Private Equity 40

Lake Country Advisors

MARCH 13, 2025

Cross-border M&A transactions are gaining momentum in 2025, fueled by global economic integration and emerging market opportunities. Tax Laws and Financial Obligations Each state has unique tax policies, including corporate taxes, capital gains taxes, and transaction-related levies.

Broker 52

Broker M&A Business Negotiation 52

Mergers and Inquisitions

MAY 28, 2025

Private credit has exploded since the 2008 financial crisis, as new regulations and capital requirements drove many large banks away from their lending activities for middle-market companies. a venture capital or consulting background), you dont have a realistic chance at these roles. And if you have no credit experience (e.g.,

Capital Market 59

Capital Market Capital Corporation Banking 59

The TRADE

MAY 29, 2025

The first trade referencing BVAL as the closing price was executed by BMO Capital Markets and Schwab Asset Management, both of whom also played a key role in developing the new tool, according to Bloomberg. Nine dealers are currently supporting the new workflow, with further liquidity providers expected to join in 2025.

Trading 52

Trading Asset Management Electronics Capital Market 52

MergersCorp M&A International

MAY 27, 2025

However, 2024 and early 2025 have signaled a re-evaluation and adaptation of the SPAC model, with a renewed focus on quality, transparency, and strategic alignment. The process typically unfolds in stages: SPAC Formation and IPO: An experienced management team or sponsor establishes the SPAC and raises capital from public investors.

IPO 52

IPO Mergers and Acquisitions Investors Capital 52

Cooley M&A

JANUARY 22, 2025

billion kicking off 2025 with a bang, will the pounds go back on in the new year? Below we take a look at drivers of these dynamics over the past year and offer our predictions for whats to come in 2025. With J&Js announced deal to acquire Intra-Cellular Therapies for $14.6

M&A 64

M&A Mergers and Acquisitions Pharmaceutical Acquisitions 64

Tyton Partners

MAY 5, 2025

Jody Cornish Tyton Partners Boston, MA, May 5, 2025. Tyton Partners, the leading strategy consulting and investment banking firm focused exclusively on the education and human capital sectors, is pleased to announce that Jody Cornish has joined its strategy consulting practice as a Director. She holds a B.A.

Consulting 52

Consulting Education Profitability Investment Banking 52

Focus Investment Banking

MAY 19, 2025

The Legal Trap That Can Kill Your Deal A poorly negotiated lease can derail the sale of your business even when you’ve found the perfect buyer. This negotiation may be uncomfortable nowbut it will protect your businesss value and marketability down the road. The problem? Assignment clauses.

Sale 52

Sale Business Negotiation M&A 52

iMerge Advisors

APRIL 13, 2025

For software founders and tech CEOs preparing for a sale, growth capital raise, or strategic acquisition, understanding the purpose and power of a QoE report can be the difference between a smooth transaction and a value-eroding negotiation. But what exactly is a QoE report? And more importantly, do you need one?

M&A 40

M&A Valuation Advisory Negotiation 40

iMerge Advisors

APRIL 12, 2025

This article explores the key tax considerations when selling a software business, including deal structure, capital gains treatment, allocation of purchase price, and strategies to optimize your tax position. Earn-outs tied to performance: May be taxed as capital gains or ordinary income depending on structure and contingencies.

Business 40

Business Sale M&A Capital 40

iMerge Advisors

APRIL 15, 2025

But when it comes time to sell your software company or raise institutional capital, those early oversights can become material liabilities. The earlier you address this, the more leverage youll have when it matters mostat the negotiating table. Founders focus on building product, acquiring users, and iterating fast.

M&A 40

M&A IT Valuation Advisory 40

iMerge Advisors

APRIL 9, 2025

Whether you're considering a strategic exit, raising growth capital, or simply planning for the future, understanding your companys valuation is essential. But in practice, valuation is a nuanced negotiation part science, part art. The Software Company Valuation Process: Step-by-Step 1. fair market value vs. investment value).

Valuation 40

Valuation M&A Discounted Cash Flow Business 40

iMerge Advisors

APRIL 14, 2025

Working capital adjustments: These can significantly impact the final payout. Make sure the target working capital is based on normalized, seasonally adjusted figures. Reverse breakup fees: In rare cases, sellers may negotiate a fee if the buyer walks away without cause. submitting a draft purchase agreement).

M&A 40

M&A Negotiation Government Advisory 40

The TRADE

DECEMBER 27, 2024

It is abundantly clear that data quality is non-negotiable in understanding liquidity dynamics and market microstructure. We expect this to continue into 2025 as its adoption spreads, driven by advancements in technology and shifting market dynamics. Matt Barrett, CEO and co-founder, Adaptive Trading technology is at a tipping point.

Trading 72

Trading Capital Market Capital Proprietary Trading 72