Kroger, Albertsons to Sell 300 Stores to Seal Merger From GlobeSt.com By Jack Rogers Retail supermarket giants Kroger and Albertsons are planning to sell up to 300 stores—mostly in areas where the grocery chains overlap—to try to fend off antitrust challenges to Kroger’s $25B acquisition of Albertson. The merger, announcing in October, would combine the […]
Noted excerpts: “Valuations are higher…as equity is more abundant, competition for quality assets more fierce, and interest rates lower.” “Higher valuations tend to drive greater selectivity on the part of buyers.” “Continue to drive your business…while seriously exploring the potential opportunities.” From Axial Forum: *************************************** How 6 Senior Bankers Are Advising Sellers in a Frothy […]
From Mergers & Acquisitions ************************************* Pickup in M&A Predicted by Dealmakers, Following Republican Sweep Audax Group’s Geoffrey Rehnert and Avante’s Jeri Harman were among the dealmakers we interviewed at the 2016 ACG LA Business Conference By Demitri Diakantonis There’s going to be “a pickup in M&A,” says Jim Freedman, chairman, Intrepid Investment Bankers LLC, reflecting […]
Most business sellers assist buyers in the transition of ownership. That can be as little as a few months, or it can be an extended term under an employment agreement. The willingness to provide a level of assistance adds value to the company and makes a buyer more comfortable in taking on the risk of […]
Next to selling price, confidentiality is the second-most important concern for many sellers. From Axial Forum: **************************************** Maintaining Confidentiality in M&A By Samuel Howard It’s the ultimate dealmaker’s paradox: that special something that makes a business valuable and attractive to investors is also a matter of utmost secrecy. As a seller or buyer looking to take […]
Thanks to Stephanie Perryman with Regions Bank in Fort Worth for recommending this article. While it’s become commonplace for employers to use social media in evaluating potential hires as part of the interview process, this is the first report I’ve seen about using it in M&A transactions. I’m sure it won’t be the last! From […]
Not only is it not voodoo, it’s also not rocket science. Experience goes a long way to navigating the selling process. From Divestopedia: *********************************************** Investment Bankers Don’t Have Magic Words By Bill Snow Takeaway: Investment bankers do not have magic words that they whisper in the ears of buyers to get them to pay more for a […]
The press release announcing the sale of Harvest Supply Company to BWI describes a recent successful K&A transaction between two direct competitors. I wanted to highlight this transaction, because I believe it serves as an example for other business owners considering the sale of their companies. In some cases the most likely buyer candidate for a […]
Excellent advice for business owners once they’ve signed a Letter of Intent with a buyer and are working hand-in-hand toward closing. Time kills deals, and several of these pitfalls cause unnecessary delays that undermine a seller’s negotiating position and jeopardize a successful closing. From Axial Forum: ************************************** 7 Pitfalls to Avoid Between LOI and Deal […]
I’d be remiss if I didn’t start this update by announcing Ed & Janet Kasper’s 50th Anniversary today! Please see the announcement here. Congratulations, Mom & Dad! Speaking of celebrations, we’re happy to announce another successful K&A transaction. Click here for the press release announcing the sale of Cronin Masonry Supply. As with Cronin, […]