M&A Advisory Engagement Letter

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October 03, 2023

by a searcher from University of Illinois at Urbana-Champaign in Chicago, IL, USA

Has anyone ever dealt with an M&A Advisory firm? I was approached by one with an engagement letter. Fee structure seemed a bit odd, but the "First right of refusal" for fund raising really threw me for a loop.


Am I being to cautious, or is this something to be concerned about?

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Reply by a professional
from Dartmouth College in Los Angeles, CA, USA
You have to be very careful with these engagement letters, not only around compensation and how it is calculated, but also around exclusivity and your obligation to refer all leads to the advisor, as well as to any tail periods. Happy to discuss.
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Reply by a searcher
from University of California, Berkeley in San Francisco, CA, USA
Ricky, happy to share my thoughts. PM if interested.
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