VR Business Brokers works
with large corporations, mid-market companies and buyout groups to structure
and implement strategic acquisition programs. Whether the goal is an industry
roll-up or a targeted acquisition, the Jacksonville office of VR Business Brokers
has the expertise and contacts to ensure a sound, smooth and effective
program.
VR Business Brokers works closely with the client and its management team to determine the essential qualities of the best acquisition targets. We perform an in depth analysis of the market and competitive landscape in the process of identifying those candidates which meet our client's standards. We then develop a preliminary profile of each company. We soon thereafter meet with the client to review the preliminary list and profiles.
After thorough client consultation, a final list of acquisition targets is generated and VR begins the process of contacting the companies to assess their interest and to begin accumulating more detailed information. The culmination of this process is a final list of suggested acquisition targets which fit our client's requirements, have demonstrated genuine interest and appear to be reasonably valued.
The client, in consultation with VR, selects one or several companies that it wishes to pursue. At this point confidentiality agreements are usually executed and the client and VR are provided access to detailed financials and any other information necessary to value the business and formulate an appropriate deal structure. The next step is the drafting of a letter of intent to acquire the target company. VR has experience with such letters and can aid the client in drafting it. The letter of intent sets forth the proposed price and other important terms and conditions of the offer and provides that it is contingent on the completion of satisfactory due diligence.
At this point the client, aided by its outside accountants and legal advisors, undertakes a thorough evaluation of the acquisition target's business, future prospects and any potential negatives including unknown, undisclosed or contingent liabilities. VR's primary role during this phase is to help facilitate the process by working with all interested parties and remaining in close collaboration with the client's management and advisors. VR can also be helpful in negotiating the definitive purchase-sale agreement as well as various ancillary agreements such as employment contracts and non-compete clauses that are often crucial to a successful transaction.
With VR's guidance the closing of the transaction will be completed with thoroughness, efficiency and minimum disruption to the client and to the business of the acquired company.
Please contact
us for any questions.
