Exiting an investment is an inherently uncertain process. Even
for a thriving business with a viable equity story, committed
stakeholders and the right advisers, the final deal terms and
valuation are typically guided by factors beyond a company's
control. These include prevailing market sentiment, current
appetite for acquisitions in a particular sector and the political
and economic environment, all of which can change well within a
given transaction timetable. In the face of a global economic
slowdown, ongoing trade wars, Brexit, heightened market volatility
and other sources of uncertainty, it is becoming increasingly
important to consider how deals can be run to maximize transaction
certainty and achieve optimal valuation.
