27 Jul 2021
Selling a Portfolio Company in Today’s Hot Market
Preparing a portfolio company for sale is time-consuming and involves significant preparation and coordination, and failure to fully prepare for a sale process can delay the process and otherwise adversely impact its results. Deal activity is reaching record levels in 2021 after a pronounced lull due to the COVID-19 crisis. Dealmakers and their advisers will no doubt want to take advantage of the market’s renewed appetite and prepare for the disposition of longer-held portfolio companies and assets. This practice note offers guidance on the timing and scheduling of steps in preparation for sale, including specific considerations in light of COVID-19, and advice regarding coordination of the sale process once it begins.
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Consult this brief overview of different portfolio company exit methods—a great primer for those looking to understand the different means of achieving liquidity for investors. - Leveraged Dividend Recapitalizations
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See this practice note to understand the value to investors (and benefits to fund managers) of pursuing multiple exit strategies at once. Doing so can maximize managers’ ability to react to changes in a volatile market, like the one in which we now find ourselves.
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