I have a close friend that is at a company and the owner is looking to exit and the MT (himself included) is considering trying to acquire the company (2.5M EBITDA with PP around 15M).

They have current equity stakes they're looking to roll into the new deal.

I don't have any experience with how these are structured, who ideal equity partners/investors are for this type of transaction, how lenders view it, etc.

I'd love to get him in touch with those of you who understand this world - thanks!