The impact of the seller's age
The seller's age colors both the target company and your deal process. • Bargains are most common among very
Tables
16 posts
PE returns are superior to most
PE returns have been superior to those of VC, S&P 500 (big public stocks), and Russell 2000 (small
Options for excess cash
"What should we do with our excess cash?" is everyone's favorite question at a board meeting.
Sell now vs. Hold longer
2 years in, a strategic offers 2x MOIC and 41% IRR. Do you sell? Yes, said Sarkaw Aziz, who exited
Investor Reporting as a Differentiator
Reporting is an area where independent sponsors can differentiate and excel, and it is the best way to build strong,
Zone-Skipping EBITDA
Zone-skipping is a foundational principle in lower-middle market PE. Scaling EBITDA into the next zone unlocks higher valuation multiples by
Post-Closing Mgmt. Options
Post-closing your company can be managed by: (1) The pre-acquisition incumbent (2) Yourself (3) Newly hired professional management
Equity Sources for Independent Sponsors
Independent sponsors raise equity from a variety of investors. Here is an overview of the main types of equity investors
PE Fund vs. Independent Sponsor Model
Successful independent sponsors are eventually faced with the decision of institutionalizing their success by establishing a private equity fund -
Why 30% IRR Is Needed
"Why do I need to show 30%+ IRR in my base case?" A high return is needed to
Different Buyers From Seller's Perspective
Table: Different business buyers from a seller's perspective. Minds Capital invests equity into deals led by independent sponsors
Retiring vs. Entrepreneurial Sellers
When buying a business, your seller is either retiring or entrepreneurial. Below is a cheeky spin on the main differences
Independent Sponsor Deal vs. US Presidency
If you've ever wondered about the similarities between an independent sponsor deal and the US Presidency.
Independent Sponsors vs. Self-Funded Searchers
Independent sponsors vs. searchers: I recently posted about the differences, and here's an overview of the similarities 😄 Congrats
Self-Funded Search vs. Independent Sponsors
At Minds Capital we invest equity in deals from both searchers and independent sponsors. Below is an overview of how
SaaS diligence
How to value SaaS companies, from Signal Hill in 2016. We're diligencing a SaaS deal right now, and
