Typical deal fee for self-funded searchers

July 27, 2023
by a searcher from INSEAD in London, UK
Hi everyone,
I am curious to know what is the typical percentage fee charged by self-funded searchers to investors upon closure of a deal?
Is the fee charged as a percentage of EV (deal value) or equity value raised from investors?
Does this percentage fee include financial and legal DD costs or are those charged separately to investors?
Many thanks for any insights!
from Duke University in Columbus, OH, USA
from University of Alberta in Calgary, AB, Canada