Average deal time - Checking

Member resources:

Frequent asked questions:

What is Searchfunder.com?

Searchfunder.com is an online community of searchers, investors, lenders, brokers and other professionals. Over 80% of those involved in searchfunds maintain a Searchfunder account to help them network, hire, and mentor others.

What are the benefits of membership?

In addition to accessing the most active online network of business buyers, Searchfunder licenses research that is simply not cost effective for individuals. Access over 15,000 industry reports and 50,000 transaction financials. You also get monthly credits for contact information for your company sourcing campaign with the option to purchase more at drastically discounted rates. Searchfunder has pre-purchased access from these data providers in order to empower individual buyers and to help searchers level the playing field versus private equity.

Do you have deals?

While we are primarily a buy-side network, we do have hundreds of brokers that regularly post deals to the community.

Can I find an internship on Searchfunder?

Absolutely! We have the industry's largest intern job board. If you are considering a search, the first step is to help another business buyer so you can hit the ground running.

What does it cost?

Searchfunder is a subscription service. We offer flexible monthly, annual and lifetime memberships.

Monthly

$79 / month

Annual

$19 / month

Lifetime

$432 / once

Those who maintain an account with us for over 4 continuous years are permanently added to the community without the need for a membership.

Do I need an MBA to join?

While a large number of our members come from dedicated programs at Harvard Business School, Stanford GSB, Chicago Booth, and other top programs, searching is no longer reserved for the elite. With the current abundance of dry powder in private equity, and an increasing number of business owners reaching retirement age, good deals rarely go unfunded.

Post a question, deal, job, etc...

Make a post...

Complete registration to post.

by a searcher from University of Teesside
in Toronto, ON, Canada

1yr ago

Average deal time - Checking

Hi Fellow Search funders,

Out of curiosity, what is the average time it takes to close the deal. A clean and smooth transaction, not the one where lots of going back to buyer for clarity on issues.?

Currently looking for transaction deal time on an average, however, also interested in US Deal times too, I suspect the business culture in terms of taking action is slightly different. Hence, I'm asking.

0 Likes

99 Views

reply by a searcher 1yr ago
from University of St. Gallen in Berlin, Deutschland

Hi, I think it is very hard to pinpoint a typical average time as it depends on so many factors. In general, it becomes more plannable from the signing of an LOI with the main commercial terms agreed upon. DD should take you anything from 4-12 weeks with final contract negotiations adding again 2-6 weeks.

reply by a professional 1yr ago
from University of Saskatchewan in Calgary, AB, Canada

As Roman pointed out, the timeline is so dependent on a number of factors. The main variables in my experience are:

1. Regulatory or commercial contract change of control approvals and the timelines associated with them;

2. Bank financing and their internal timelines (Canadian banks can take a long time to obtain internal approvals and in any event you should consider bank, private credit, BDC and credit unions). This can be especially time consuming if there are any inter-creditor arrangements (including a vendor note);

3. Your due diligence process including legal, quality of earnings, tax review all can take some time to complete;

4. Third party equity financing and any diligence that such equity financers may require and the negotiation on the subscription agreement and shareholder agreement; and

5. Your counter-party, their legal counsel and any financing they have outstanding, and how responsive they are with regards to turning the definitive agreement, ancillary documents, and any vendor notes.

If you area already set on diligence, generally, on an all-cash, no bank financing, and no third-party approval deal, this can be done as quickly as 3-4 weeks however depending on the variables can take up to 3 months. Happy to chat further redacted