A viewer summarizes a timely presentation on buying and selling businesses (mergers & acquisitions) that emphasized advising sellers. Presenters urged sellers to get professional counsel on when to build versus sell and how to prepare a business for sale. The summary highlights predatory tactics by some private equity buyers—pressuring exclusivity, timing diligence around anniversaries or celebrations to create artificial 'downward trends' and then reducing offered prices—and warns that many sellers fail to obtain proper advice as a result.
Chapters
All right, so I just got out of this presentation, but before I forget, I'm going to summarize for you. It was such a timely presentation about mergers and acquisitions and just buying businesses these days. And the presenters were advocating for sellers and trying to reach out to. To make sure sellers know that experts are available to help them know when it's time to build, when. When it's time to sell, and how to build up in preparation of selling their business. And with that, they were also showing how many of the private equity companies out there are using some trickery, you know, telling people that they have to be excluded, exclusive, not talk to anybody else about the offer that was made to buy their business because they could scare off this, that or the other. And so, as a result, a lot of sellers are not getting that professional counsel that they should, and they're really being predatory about it. In fact, not only are they saying, you can't tell anybody, but they have been taught in some of these worlds that out there to get the anniversaries and birthday dates and this and that, and they'll time it so that after all this due diligence period, it's the night before, you know, like. Or it is the anniversary night, whatever. And you've been expecting this. This great windfall. And so you're out celebrating or planning to go out and celebrate. And since they told you not to bother buying something or other, since they're taking over, suddenly there's a downward trend. Well, now, Sud. Suddenly they make a big deal about that downward trend and say, we can't pay that much now. So there's some bad stuff going on out there. So I've got some good questions I'm gonna add to what we may want to ask. I don't think that's any of what's going on out there. And I believe none of us want to be a part of scamming any sellers to potentially have litigation later or whatever from that. But what a timely presentation. It was very interesting. Bye.