Karl wrote Selling Your Canadian Business: A Step-by-Step Guide to Maximizing Value and Securing Your Legacy because he saw too many business owners making preventable mistakes that cost them millions of dollars and years of regret.
The eight qualitative dimensions private equity firms assess before bidding, from management depth to customer concentration, in a market where 80 deals are reviewed per investment.
How sophisticated buyers think about downside risk and upside optionality, and the categories of concentration risk, customer to key person, that trigger the closest scrutiny.
Owners who sell without professional representation typically underprice by 15 to 30 per cent. What a confidential auction does that a direct sale cannot.
The hold-or-sell decision comes down to two numbers: intrinsic value and market value. Why private Canadian businesses trade at a 20 to 40 per cent discount to public comparables.