EGI was hired as an exclusive sell-side Advisor to an established service and technology provider in the continuing education field. Business sectors served included healthcare, pharmaceutical, and financial companies. Our Client was a U.S. family business that provided services on a worldwide basis.
The EGI Advisor focused on 50 targeted high-potential buyers. As a result, 40 NDAs and CIMs were issued. This led to eight negotiated LOIs and ultimately seven management meetings. We selected three bidders for the final round. The total lapsed time for the entire process was six months.
This transaction netted a strong multiple while the Buyer retained our Client’s CEO in the same position and maintained all other employees with expanded duties and compensation. The CEO received equity options as did several of his staff.