I’m researching a niche but important topic: non-debt business acquisitions. Most deals today are debt-leveraged — but I’m exploring alternative structures where ownership transfers through equity, profit-sharing, or phased buyouts rather than loans. If you’ve structured or invested in an acquisition without using debt, I’d love to learn from your experience. I’m putting together a short whitepaper and plan to interview a few people who’ve actually done it — not just theory. How did you fund it? What worked, what didn’t, and what would you do differently next time? If you’re open to sharing insights, please comment below or message me directly.