SIDE-BY-SIDE COMPARISON OF KEY INDEPENDENT SPONSOR AND SELF-FUNDED SEARCHER

MVA Corporate Members John Gilson, Colby Jenkins, and Mike Miller outline a side-by-side comparison of key independent sponsor and self-funded searcher terms document.

There is often a blurring of the lines between independent sponsors and self-funded searchers as participants in lower-middle market mergers and acquisitions transactions. The table John, Colby and Mike have created presents a side-by-side comparison of the key economic and governance terms in arms-length lower-middle market M&A transactions. It should be noted here, however, that self-funded searchers will often take a hybrid approach by borrowing what would otherwise be an independent sponsor term, and vice versa. Independent sponsors and self-funded searchers should consult with experienced legal counsel before finalizing the terms they have outlined in this document with their investors.

To view the side-by-side comparison document, please visit: https://lnkd.in/dze_XGn



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