Financing – M&A
M&A Without Buying the Company
By Mike Myatt, Chief Strategy Officer, N2growth Most people tend to look at acquisitions from a rather myopic and traditional M&A perspective: making a strategic or synergistic purchase of an operating entity on an accretive basis. However restricting your view of acquisitions to operating companies is like playing a football game with only one play in your playbook. The truth is that acquisitions aren’t just ...
Capital vs. Influence
By Mike Myatt, Chief Strategy Officer, N2growth I have watched entrepreneurs and executives initially trivialize the value of influence in a capital transaction, only to regret it down the road. Savvy CEOs simply aren’t in a rush to close the deal and secure the funding if it means sacrificing knowledge, experience or influence. Impulsivity has a huge cost when ...
Growth by Partnering
By Mike Myatt, Chief Strategy Officer, N2growth If corporate growth is what you seek, but you lack the patience to endure the slow pace of organic growth, and don’t have the capital necessary to finance an acquisition binge, then you might want to consider the many benefits associated with partnering. While the concept of creating a strategic partnership is familiar to many, ...
My Philosophy on Valuations
By Mike Myatt, Chief Strategy Officer, N2growth While my philosophy on valuations hasn’t changed in years, my feeling as to their importance has. Valuations are always a dicey proposition, but even more so given today’s business climate. I can’t think of a time in recent history where having third party validation for your valuation metrics has been ...
Term Sheet Generator
By Mike Myatt, Chief Strategy Officer, N2growth Term Sheets are a foundational element in justifying your valuation logic. Over the years I’ve had the opportunity to view some absolutely brilliant term sheets, and regrettably, I’ve also reviewed more than my fair share of laughable terms sheets. Guy Kawasaki turned me on to this term sheet ...
Deal Transparency
By Mike Myatt, Chief Strategy Officer, N2growth If deal transparency isn’t at the forefront of your M&A strategy, you might want to stop and do a bit of thinking. In some ways the world of corporate M&A is much the same as it was 20 years ago, and in other ways the events of the last ...
Due Diligence – Not Optional…
By Mike Myatt, Chief Strategy Officer, N2growth As much as you wish it might be so, due diligence is really not an optional consideration. Have you ever made a decision based upon what you thought was a thorough understanding of all pertinent information only to find out after the fact that you didn’t know as ...
Public vs. Private
By Mike Myatt, Chief Strategy Officer, N2growth Public vs. Private finance…The question is, which option is better, and why? Entrepreneurs, investors, and advisors have very strong opinions as to whether you’re better-off with private equity or an IPO when seeking to finance, sell, or otherwise seek investment capital for your company. In today’s post I’ll ...
Secondary Markets 101
By Mike Myatt, Chief Strategy Officer, N2growth With the meltdown in credit markets over the past several weeks I thought it may be insightful to look beyond the typical cries of mutual greed on the part of lenders and borrowers alike to some of the lesser known underpinnings associated with this debacle. I’m not disputing for a second that ...
Mid-Market Capital Opportunity
By Mike Myatt, Chief Strategy Officer, N2growth Today’s post will focus on the analysis of mid-market capital providers, which I believe provide the most significant opportunity for companies seeking funding in today’s tight credit markets. If on one end of the spectrum you’ve recently been given the cold shoulder by a bulge bracket lender, or at ...