Close “The Deal”

Closing the actual sale is often anti-climactic as the long, hard work of negotiation and documentation constitutes the bulk of the time spent on a deal.

Typical Steps in Closing A Deal

Compliance with the agreement
Representations and Warranties are true at closing
All consents are obtained
All appropriate corporate actions are taken
Opinions of counsel are delivered
Fairness opinions are delivered
No material adverse changes in the business condition have occurred
Consummation of the transaction through execution and delivery of documentation and, if applicable, transfer of funds
If the transaction is financed, multiple transactions will close together
Execution:
Acts – shareholders, governmental
Consummation
Simultaneous execution and closing
Prepare details of a fund flow at close

Please Note: CLOSINGS ARE OFTEN ANTI-CLIMACTIC BUT ALL PARTIES SHOULD STAND BY FOR LAST MINUTE DETAILS

Seller: Beware of These From Buyer

Stated goals or apparent objections that cannot pass a simple reasonableness test
Significant changes or additions in proposed deal structure after the Letter of Intent that are not supported by new information or analysis during due diligence
Change in the key players or advisors during negotiations or due diligence

PQ can provide a list of preferred third-party advisors for Step 14 including Wealth Managers, Lawyers, Accountants and more.

Phase 4 Step 14: Closing

Close “The Deal”