Lawyers and Accountant recommendations please!!

by a searcher from University of Pennsylvania - The Wharton School

5 years ago

Hi, we are on the verge of going under contract with a healthcare software company, but are concerned that the seller may get cold feet due to several comments he made in diligence. Can anyone point me to: 

1) Lawyers who would do a PSA but waive fees in the instance of the seller walking away? 
2) Accountants who would do a accounting study that dives into the ARR and revenue recognition of the business 

(there is no EBITDA). 

Thank you

3 likes
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4 comments

professional from The University of Texas at Austin - Red McCombs School of Business

PM - I'll recommend someone for you.

2 years ago | like reply | 0 likes

professional from University of Illinois at Chicago

I agree with the post above. Better to spend the time up front to make sure you have a deal and a seller that is comfortable moving forward. The legal work can be staged to keep things efficient (e.g., the PSA isn't terribly time consuming, but legal due diligence can be). As to fee waivers, I work with searchers and will defer fees until closing and also provide broken deal fee waivers. The exact arrangement depends on the size of the deal and other variables. Feel free to PM me if you'd like to discuss further.

5 years ago | like reply | 0 likes

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