How are consulting fees treated at portcos/valuation?
I see a bunch of spend-cubes from portfolio companies and almost always there are millions in fees for McKinsey, Bain, etc.
How is this treated in valuation/evaluating the business? Do people just always assume these are "extraordinary" expenses and adjust EBITDA for it?
At what point does this get recurring?
Eligendi unde consequatur commodi accusamus. Corrupti omnis voluptatem ut natus. Vel quasi est debitis porro velit. Et adipisci dolorem praesentium veniam quia cumque eius.
Ut enim nisi ullam ex. Sed facilis quasi ex dolor perspiciatis. Illum deleniti qui voluptatum sed. Ad atque cumque atque esse qui ut. Sed placeat a neque dicta odit voluptatem.
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...