Insights

Articles and checklists

Analysis of private capital raises, middle-market M&A and diligence readiness, with sources listed at the end of each piece.

Articles

Newest first

Securities · Private capital

Preparing a private capital raise before the pitch deck

In a private offering, the pitch deck depends on several earlier decisions: the exemption from registration the offering will use, how investors will be found and whether anyone will be paid for introductions, who must be screened under the bad-actor rules, and whether the economics in the deck match the governing documents. Making those decisions before the deck exists keeps options open and reduces the risk of inconsistent investor communications.

Last reviewed October 25, 20267 min read

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M&A · Letters of intent

What a middle-market LOI should resolve before exclusivity

A letter of intent is usually described as “non-binding,” but most LOIs contain binding provisions, and exclusivity is the one that most changes negotiating leverage. Once a seller agrees not to talk to other buyers, unresolved points tend to be decided under less competitive conditions.

Last reviewed October 25, 20267 min read

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In preparation

Sponsor economics in multifamily offerings

Aligning fees, waterfalls and disclosure across the offering documents.

Preparing a business for diligence

The records and contracts buyers ask for first.