Mergers and Acquisitions
With the combined resources of our CPA team and business management consultants, we provide fiscal expertise and planning coupled with sound, practical business advice. We understand the entrepreneurial spirit. Clients benefit from MayerMeinberg’s customized services, partners who are qualified and experienced in specific industries, and the strong personal relationships that are able to develop within a firm of our size.
- Purchase and Sale of a Business
- Bankruptcy and Insolvency
- Tax Planning
- Due Diligence
- New Venture Projections
- Financing Opportunities
- Business Valuation
- Forensic Accounting
- Litigation Support
- Cash Management
- Regulatory Compliance
- Effective Budget Development
- Operational Analysis
- Turnaround Management
- Crisis Intervention
- Human Resource Issues, including 401(k) audits, pension plan audits
Corporate Sale Services*
Middle market companies are sold for a wide range of reasons including: succession planning, retirement, a desire to create family wealth-liquidity and other personal circumstances. MayerMeinberg approaches each engagement as a highly customized process with every assignment beginning with a clear understanding of the client’s personal objectives. Once defined, the investment banking team focuses on understanding the subject company’s business model, growth characteristics and where the company fits in its industry. Through this preliminary diligence process we can identify, analyze and explain in both verbal and written form the company’s unique value proposition to potential buyers.
Each corporate sales assignment involves the preparation of a confidential information memorandum, creation of a detailed listing of potential buyers, confidential distribution of information to qualified acquirers, creation and coordinated delivery of management presentations and the negotiations and closing of the transaction.
Corporate Acquisition Services*
The typical acquisition assignment normally involves the creation and prioritization of a list of acquisition candidates. This process is then followed by the full cadre of buy side services which include contacting and valuing prospective targets, drafting and negotiating letters of interest and intent, the facilitation of due diligence and the ultimate negotiation of the stock or asset purchase agreement. We can help assist in managing the merger acquisition checklist. In addition MayerMeinberg can also assist in helping you raise the necessary funds to finance the proposed transaction.
A leveraged recapitalization is a transaction where a private equity firm uses outside debt from a bank together with its own capital to buy a controlling interest in the ownership of a company. While creating substantial amounts of seller liquidity, this transaction type allows existing owners or management to continue their employment while also maintaining an economic interest in a newly formed acquisition company. This residual ownership interest allows the original sellers and core legacy management to share in the growth of the company upon its future sale or monetization event.
Leveraged recapitalizations can be very complicated transaction structures and require professionals who understand the advantages and disadvantages of hard equity financing. While traditional sales to a strategic acquirer normally result in a 100 percent monetization of the seller’s ownership interest, a Recap normally requires future ownership interest in the newly formed acquisition company. The form of ownership can be in a security as simple as common stock or as complicated as redeemable or cumulative preferred stock with nonconventional pay-in-kind features.
ESOPs are complicated entities and transaction types. The benefits that accrue to selling shareholders that adopt an ESOP can be pronounced. Tax savings such as the deferral of the gain resulting from the sale coupled with the deductibility of the principle payments associated with the funding of the ESOP can have substantial economic benefits to the shareholders. Turn key planning, structuring, valuation and capital raising skills for the establishment of ESOPs are all services offered.
Distribution and reach are critical to maximizing shareholder value in a corporate sale or targeting the broadest universe of acquisition candidates. BDO Capital with its strong network of domestic offices and its relationship with its international colleagues has unparalleled access to buyers and sellers alike.
*As an independent member of the BDO Seidman Alliance, MayerMeinberg has access to the resources of BDO Capital Advisors, LLC, for this service.