Working Capital Adjustment in M&A Deals in 2026: How the Peg Definition Actually Decides Final Value
Working Capital Adjustment in M&A Deals in 2026: How the Peg Definition Actually Decides Final Value The working capital adjustment on the closing statement is where most sellers give up more value than they realize. How the purchase agreement defines net working capital, cash, and debt-like items determines the final wire amount and the post-close […]
Selling Your Business? Choose Between Stock or Asset Sale
We help founders and sponsors cut through jargon and make the core tradeoffs clear. Mike Rosendahl guides our approach to the practical tax and legal choices that shape any exit. Choosing an asset or stock structure fundamentally alters tax treatment, liability exposure, and net proceeds. That choice shapes purchase price, contract terms, and the timeline […]
How Break-Up Fees Actually Work in M&A Transactions in 2026: Standard Sizes, Reverse Fees, and the Real Triggers
Break-up fees in M&A transactions are contractual payments one party owes the other if they walk from a signed agreement, typically 1-3% of deal value. Standard break-up fees protect the buyer against a seller taking a competing bid; reverse break-up fees protect the seller against a buyer’s financing collapse or regulatory failure. In 2026, the […]