Investor: Anonymous
Type of Investment: Private Equity
The Context
This is an anonymous deal done by a private equity firm explaining how the process happened.
The Memo
Key Takeaways
- Most companies rarely have audited financials that accurately reflect the financial performance of the company
- There are certain things that matter more than others when it comes to an acquisition (i.e. QofE minutiae shouldn't eat up a lot of time)
- Implementing changes after the acquisition is difficult. It takes time and money and it doesn't happen quickly.