Does a lower-middle-market deal really close every day in Canada? What 25 years of M&A data says, and the valuation multiples driving activity by sector.
BATNA determines who holds leverage in a negotiation, not asking price or legal team. Why the realistic buyer universe for a Canadian lower-middle-market sale is only 15 to 40 parties.
Why the first number stated in a negotiation becomes the gravitational centre for everything after it, and how an ambitious but credible anchor changes the outcome.