Got on the phone with a larger competitor this morning, he's 80 and is interested in selling.

He said he'll hand over the P&L and the let bank talk to CPA, but doesn't want to jump over a lot of hoops with diligence matters. It's his way or the highway. I know the space pretty well, have talked to his ex-employees and its a decent company. What would you guys do in this situation? Company make 50M in revenue, makes about 10M in EBIDTA and he wants to sell for about $100M. I know the space extensively know, having done diligence on it for over one year.

Should I raise all private capital for this type of deal, then consider doing leverage afterwards?