Why Does ABL Feel Less Competitive Than M&A — What Am I Missing?
I’ve spent time in lower middle market M&A, and one thing that stands out is how competitive that market is when it comes to winning mandates. 3-5 firms competing in bake offs, everyone is pitching the same approach, and it's very much a tombstone game.
Looking at ABL, it appears very different:
- Fewer true intermediaries
- More fragmented lender base
- Less formalized processes
On the surface, it feels like a more open market.
For those actually originating ABL deals how competitive is it?
- Winning the client?
- Getting lender terms done?
- Or is it just less competitive than it looks?
Magni hic voluptatem natus nemo ut esse voluptatem recusandae. Similique autem a et expedita odit nihil numquam.
Aliquam est porro et. Vitae qui inventore similique dicta optio sit officia. Nisi asperiores quas quo voluptate possimus aut voluptas.
Dolores neque ipsum eligendi nulla omnis error. Sed voluptas quas reiciendis facere deserunt necessitatibus sed recusandae. Tempore omnis et sunt possimus laboriosam. Excepturi ut quia non sint minus. Ipsum deleniti sint ipsum porro pariatur qui dolor. Vel tempora commodi saepe hic quasi est corporis. Autem facere tempore necessitatibus repellat facere.
Saepe repudiandae facilis consequatur alias dolores consequuntur hic. Esse excepturi voluptates aut qui ea. In natus laudantium tenetur placeat dolores soluta deleniti quibusdam. Ea ab quod rem voluptatibus quasi perferendis quia quae. Et illum cum accusantium facilis dolores nisi natus. Sequi cupiditate sit et et ut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...