Does anyone have a sense for what a market waterfall structure looks like?
October 04, 2022
by a searcher from Northwestern University - Kellogg School of Management in San Francisco, CA, USA
Interested in the terms investors / searchers are seeing for acquisition equity investment. Would appreciate if anyone could provide terms they've achieved or been offered recently.
Also, are acquisition terms typically negotiated in advance at search fund formation or only once the target is identified?
Thanks in advance for your help!