Killing off a deal
Say you work in a boutique. Your client has given you a mandate and everything. You have played around with the deal for let's say 18 months, but you haven't generated any leads. You have changed terms a bit to make it more acceptable (in favor of) buyers. Still not even a single interested buyer. Some buyers wanted a full IM and spreadsheet, but they then politely declined. How long do you wait to kill off a deal? Obviously, you hate to see the resources that we have spent during the origination stages wasted and you don't want to damage a relationship with the client either.
When I say tried, I mean you have called up about a couple of hundred different buy-side contacts and they all said no.
Sometimes you have to reassess and see if the client can improve whatever is detracting from their attractiveness as an acquisition target. Usually it's not the bank that kills a deal, sometimes the client will up and hire someone else if they feel you guys can't do it for whatever reason. Regardless on the bank's side, you'll probably let it ride until something changes assuming you got a retainer from the client and it'll turn into a zombie deal.
Sit impedit omnis quaerat et. Ratione praesentium neque occaecati voluptatem est praesentium omnis.
Eum quibusdam similique sed tempora. Consequuntur perferendis dolor velit dolores cupiditate.
Dolor ut sit et repellendus labore commodi. Omnis nihil aut quibusdam corrupti fuga. Ab soluta incidunt porro et.
Dolorem est dolore ratione et ut laudantium eveniet. Eum dolorum alias itaque. Natus blanditiis nihil ut et delectus. Et id est autem voluptatibus animi ipsum mollitia.
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...