Equity Purchase Agreement: 2026 EPA Structure vs SPA and APA
Equity Purchase Agreement: When to Use an EPA vs SPA vs APA An equity purchase agreement is the master contract that transfers ownership of a company by selling the seller’s equity interests, rather than the underlying assets or, in a corporate context, the issued stock. The term “equity purchase agreement” is the umbrella label used […]
Transaction Comparables: 2026 M&A Precedent Comp Methodology
Transaction Comparables: How M&A Bankers Use Precedent Deals to Value Targets Transaction comparables (often shortened to transaction comps, deal comps, or M&A comps) are the set of completed or announced acquisitions an investment banker assembles to triangulate the price a strategic or financial buyer would pay for a target company today. Unlike trading comparables, which […]
Structured Installment Sale: 2026 Section 453 Tax-Deferral Mechanics
Structured Installment Sale: How Section 453 Structured Sales Defer Tax for 30 Years A structured installment sale is a transaction under Internal Revenue Code Section 453 in which a seller of a business, real estate asset, or other appreciated property accepts a stream of fixed, scheduled payments from the buyer instead of taking all cash […]
Share Purchase Agreement Template: 2026 Free SPA Template With Drafting Guide
Share Purchase Agreement Template: Free SPA Template With Drafting Guide A share purchase agreement template is the reusable, clause-by-clause skeleton that buyers and sellers start from when one party is acquiring the issued share capital of a private company. Whether you are pulling a share purchase agreement template off the shelf for a UK Companies […]
IRS Rules on Owner Financing: 2026 Land Contract and Installment Sale Tax Guide
IRS Rules on Owner Financing: 2026 Land Contract and Installment Sale Tax Guide Irs Rules Owner Financing in 2026 depends on scale, sector, and recurring revenue percentage. Named PE-backed and strategic acquirers pursue this vertical actively, and multiples clear meaningful ranges depending on platform readiness and market cycle timing. This page covers the operational specifics […]
Spreading Comps: 2026 How to Spread Comparable Company Multiples Line-by-Line
Spreading Comps: How to Spread Comparable Company Multiples Line-by-Line Spreading comps is the line-by-line process of taking each public peer’s financial filings and rebuilding a clean, apples-to-apples set of multiples, EV/Revenue, EV/EBITDA, EV/EBIT, and P/E, that a managing director will actually trust on page 5 of a pitch book. The work sounds clerical, calculate market […]
Accretive vs Dilutive: 2026 M&A Deal Impact on EPS Explained
Accretive vs Dilutive: How M&A Deals Impact EPS Math When a public buyer announces a deal, the first question every sell-side analyst, portfolio manager, and CFO asks is simple: accretive vs dilutive. The label tells you in one word whether the transaction lifts pro forma earnings per share above the buyer’s standalone EPS (accretive) or […]
Paper LBO Examples: 2026 Worked Walk-Throughs for IB and PE Interviews
Paper LBO Examples: Worked Walk-Throughs for IB and PE Interviews If you are prepping for a private equity (PE) or investment banking (IB) interview in 2026, you need paper lbo examples you can replicate from memory in under 10 minutes with nothing but a single sheet of paper and a pen. This guide gives you […]
Deferred Sales Trust: 2026 DST Guide as Alternative to Installment Sale
Deferred Sales Trust IRS Guide: How a DST Defers Capital Gains Tax on Business Sales A deferred sales trust IRS strategy lets a business owner sell a company, real estate asset, or other appreciated property to an irrevocable third-party trust, take back an installment note, and spread the capital gains tax across the note term […]