I am interested in what situations folks here would consider structuring a purchase as an equity acquisition? From what I understand, most acquisitions are asset based to reduce liability, but someone advised me there could be utility in using the equity structure to preserve existing biz dev relationships or contracts.

What, if any, situations could you imagine being reasonable for an equity buy out for a searcher in their acquisition to own/operate?

How about ways to deal with some of the tricky transactional details for contractual relationships if using an asset sale?