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Selling or raising capital for your business
Most owners arrive asking about one and leave doing the other. Start with what the business is worth, then pick the path that fits the next five years.
Sell the business
- Full or majority exit, typically six to nine months
- Fifteen to forty qualified buyers, approached confidentially
- Right if the next phase needs a different operator
Raise growth equity
- Minority or majority recap, typically four to six months
- Liquidity now, and you keep running the company
- Right if growth is capital-constrained, not demand-constrained
How a sale runs
Five stages. You can stop after any of them and owe nothing but the work already done.
Confidential call
An hour, under NDA if you want one. You leave with a range and an honest view on timing.
Prepare
Normalise the numbers, fix what diligence will find, write the memorandum.
Go to buyers
Fifteen to forty named buyers, approached one by one. No blast emails.
Letters of intent
Compare offers on price, structure and who you would work for. Negotiate one.
Diligence & close
We run the data room and the lawyers so you can keep running the business.
Investing — Sasco Capital, GAMCO, then our own money
Owning and operating Carolina businesses
Owners in the Roundtable — usually we know who’s buying before you ask