If you’re looking to make a divestiture of your business, now might be the time – not just because the market is hot, but because you’ll need time to prepare for and work through the divestiture process. Deals don’t happen overnight – the complex preparation, due diligence, and negotiation can take six to seven months, depending on the need for regulatory approvals.
A major part of preparation is finding the right financial and legal representation (investment banker or financial adviser and legal team). Even if you’re not quite ready for a transaction, it’s better to vet your team before you need it – so you’re ready to hit the ground running when the time is right.
Once you have your team in place, you’re ready to walk through the rest of the divestiture process. And because you have only one chance to sell your business (or a portion of it), you want to make sure your deal is done right.
Every deal is different, but consider these general steps that can help make your divestiture process a success.
On paper, the divestiture process can seem straightforward – but it’s good to keep in mind that the sale process can be a roller coaster of emotions, with good and bad days. The more you can prepare for the highs and lows up front, the easier it can make the transaction process.
Managing mergers and acquisitions or divestitures?
Our team can help