Your future euphoric exit event depends on the process you elect to run
As a company owner/CEO, here are your future exit process options. You can run a process that has you conducting a:
- Private auction - focus your company sale with a single acquirer
- Select/Targeted process - discuss the sale of your company with a small, very select group of potential acquirers to then narrow down to the one to focus on
- Broad process - reach out to a large number of potential acquirers to ultimately find the one you want to focus on
Now if your exit options include setting up an ESOP or selling to your management team, or taking your company public, then your exit process will vary. But if your exit option will be to sell to a third party (strategic and/or financial buyers), then you have the three options listed above.
Each of these exit process options has its pros and cons. And every company is unique so the right exit process for one may not be optimal for the next. It’s important that you learn about each of these as they apply to yourself personally, your team and which will lead to the optimal valuation and deal structure. Work with your exit planning professional or give us a call to help you think through which option will help you achieve a future euphoric exit.
