Brokers
They are motivated to get a deal done, even when it may not be the best buyer, terms or outcome for you.
You spent a lifetime building your company.
What you do next may be the most important financial, professional and emotional decision of your life. One unprepared decision can give millions of that value away.
The buyer and its advisers may have completed hundreds of deals. This may be your first, and only one.
Your Exit Sidekick makes sure all advisors act in your best interest and don’t run up unnecessary fees.
They are motivated to get a deal done, even when it may not be the best buyer, terms or outcome for you.
Legal fees can run up quickly when the process is disorganized, issues are not prioritized or negotiations lack discipline.
Tax consequences are often addressed after the deal structure has taken shape, when the best planning opportunities may already be gone.
Your company can be worth dramatically more to one buyer than another. Finding a buyer is not the same as finding the right buyer.
HOW VALUE GETS HURTSelling your company is personal. Emotion can affect how you negotiate, evaluate buyers, respond to pressure and decide when to walk away.
HOW VALUE GETS HURTExperienced buyers know when a seller lacks experienced, independent guidance. They can use that imbalance to control the process, weaken your negotiating position and reduce what you ultimately receive.
HOW VALUE GETS HURTThe more organized the process, materials and data room, the more confidence buyers have in the company and its value. Disorganization creates delays, raises questions about how the business is run and gives buyers opportunities to reduce the price.
HOW VALUE GETS HURTThe sale price is not necessarily what you receive. Working capital adjustments, escrow, indemnities, taxes, rollover equity and earnouts determine the actual economic outcome.
HOW VALUE GETS HURTAn earnout is not cash. If the buyer controls the company after closing, it may also control the decisions and results that determine whether you receive it.
HOW VALUE GETS HURTExperienced buyers understand EBITDA, valuation multiples, working capital, rollover equity, exclusivity and every other lever in the transaction. You need to understand what they are doing, and why.
HOW VALUE GETS HURTOne buyer controls the conversation. Multiple credible buyers create urgency, leverage and stronger price and terms.
HOW VALUE GETS HURTYour broker may work for you. But your broker gets paid when the deal closes. You need someone beside you who is focused on whether the deal, buyer and terms are right for you, not simply whether a transaction gets completed.
HOW VALUE GETS HURTYour management team must understand the process, communicate the company’s value consistently and reinforce the same story. Conflicting answers create doubt and weaken buyer confidence.
HOW VALUE GETS HURTAn unorganized process, unresolved issues and unfocused negotiations create avoidable legal work. Preparation and disciplined decision-making keep your lawyers focused on the issues that actually protect value.
HOW VALUE GETS HURTOnce you grant exclusivity, the buyer knows competition has stopped. That is when retrading, additional demands and unfavorable terms can appear.
HOW VALUE GETS HURTOnce buyers identify a weakness, you rarely get to make a second first impression. Unresolved financial, legal, customer or team issues can undermine confidence before competition develops.
HOW VALUE GETS HURTTaxes, wealth planning, your future role, identity, family and life after closing should shape the transaction before the documents are final, not after the proceeds arrive.
HOW VALUE GETS HURTIf customers, employees and critical decisions still run through you, buyers see risk, and discount value.
HOW VALUE GETS HURTKey employment, retention, confidentiality and intellectual-property protections should be addressed before the transaction begins. Once negotiations start, you do not want these issues becoming additional terms on the table.
HOW VALUE GETS HURTPoor governance, unclear approval rights and the wrong board composition can delay decisions, create internal conflict and complicate the transaction.
HOW VALUE GETS HURTA transaction can consume the founder and management team for months. If revenue, customers or execution suffer during the process, buyers may reduce the price, or walk away.
HOW VALUE GETS HURTA rare combination: former M&A lawyer, founder who built a company from zero to approximately 900 employees, and a successful exit. We understand the transaction from both sides of the table, and what it feels like when a lifetime of work is on the line.
Michael began his career as a mergers and acquisitions lawyer at Willkie Farr & Gallagher. TLE understands the language, structure, negotiation and risks of a transaction.
He then built a venture-backed business from zero to approximately 900 employees and completed a successful exit. TLE understands the founder’s side because its founder lived it.
Legal experience. Founder experience. Exit experience, all brought together for the seller.
Sidekick works alongside your advisers and stays focused on the founder, the value and the complete outcome.
Find the risks, strengthen the company, organize the data room and build the value story before buyers define it for you.
Select and coordinate advisers, create competition, manage diligence and keep the company performing through the process.
Understand the economics, earnouts, rollover equity, buyer protections, and what the transaction means for your life after closing.
Ideally, well before you go to market. Founder dependence, financial visibility, employment agreements and governance often take time to fix, and they are much harder to address after a buyer finds them.
It depends on the company, transaction size and likely buyers. Sidekick can help you decide, select the right adviser and understand whether their process and incentives fit your goals.
Financial, legal, commercial, employment, ownership, tax, intellectual-property and operational records. The goal is not only completeness; it is a coherent story that builds buyer confidence.
Prepare early, organize the data room, resolve corporate issues before diligence, define responsibilities and keep negotiations focused on the terms that actually change your outcome.
Identify multiple credible buyers, control the timeline, distribute consistent information and preserve leverage until final terms, not just headline price, are clear.
Sometimes it bridges a real valuation gap. But its value depends on the formula, buyer control, operating obligations, reporting rights and whether you can realistically achieve and enforce it.
Private equity may be the right buyer. You still need to understand its playbook: quality of earnings, EBITDA adjustments, debt, rollover equity, management incentives, working capital, exclusivity and the possibility of a retrade.
No. Sidekick works alongside the transaction team and helps the founder understand, coordinate and make decisions across the issues that fall between each adviser’s role.
Former M&A lawyer. Successful founder. Successful exit. Your Sidekick for the decisions you only make once.
Talk to an Exit Sidekick