ANYONE KNOW ABOUT A FUNDED DEAL W/ THE PREVIOUS OWNER RETAINING 49%?
Exploring a deal where the business is relatively new (5 yrs old) and growing really well. Would like to offer the founder/owner/CEO the chance for a partial cash out while retaining the CEO role until I'm ready to take it over (will take ~2 yrs to get up to speed on the somewhat complex business). He's late in his career, so it would be helpful for him to do a planned, time-bounded succession plan. Appreciate everyone's thoughts.