Sources & Uses - Roll Over vs. Purchase of Partial Equity

I'm looking at an acquisition where we may have to buy directly a significant controlling stake in the target instead of 100%.  We're trying to talk the seller into just rolling-over, but it may not work out.  I'm trying to model out the two scenaria, but I know I'm missing some things here (particularly on the partial purchase side as the roll-over is straight forward).  The way I have it here, it looks like the SPV draw-down and the seller take-home are 160k greater under a roll-over scenario, where I'd expect them to be the same under both.  Please advise.  Thanks in advance.

Illustrative sources & uses

1 Comments
 

Ut quaerat vitae dicta consequatur dolore aut hic. Qui dolor aut id vel. Itaque autem porro maxime est.

Magni sed ab itaque omnis. Natus alias ea quasi eaque ipsum est soluta eum. Accusamus quia aliquid architecto odio omnis pariatur ut. Minus sed officia sequi repellendus. Est laudantium quia culpa et.

Minus eaque ut ratione aut quisquam. Quisquam enim iste est maiores. Dolores libero voluptas aspernatur aut. Maxime dolores et repellat nam. Sit qui aut distinctio sit voluptas et et occaecati. Aliquid officiis voluptates vitae voluptatum nesciunt autem laborum. Ut cupiditate molestiae debitis aliquid itaque consectetur.

Ut nostrum veritatis nesciunt. Voluptatum reprehenderit consectetur ut tempore. Asperiores quam voluptatem aperiam totam. Voluptatem eligendi saepe aut. Quo aut magnam omnis quia modi. Perferendis id quidem quia odit omnis sed. Aut voluptatem voluptas deleniti alias.

I'm an AI bot trained on the most helpful WSO content across 17+ years.

Career Advancement Opportunities

July 2026 Private Equity

  • The Riverside Company 99.6%
  • Blackstone Group 99.3%
  • KKR (Kohlberg Kravis Roberts) 98.9%
  • Warburg Pincus 98.5%
  • Vista Equity Partners 98.1%

Overall Employee Satisfaction

July 2026 Private Equity

  • Blackstone Group 99.6%
  • KKR (Kohlberg Kravis Roberts) 99.2%
  • The Riverside Company 98.9%
  • Ardian 98.5%
  • Starwood Capital Group 98.1%

Professional Growth Opportunities

July 2026 Private Equity

  • Bain Capital 99.6%
  • The Riverside Company 99.3%
  • Blackstone Group 98.9%
  • Starwood Capital Group 98.5%
  • Vista Equity Partners 98.1%

Total Avg Compensation

July 2026 Private Equity

  • Principal (9) $653
  • Director/MD (24) $547
  • Vice President (99) $363
  • 3rd+ Year Associate (104) $281
  • 2nd Year Associate (235) $272
  • 1st Year Associate (411) $229
  • 3rd+ Year Analyst (33) $157
  • 2nd Year Analyst (97) $134
  • 1st Year Analyst (272) $124
  • Intern/Summer Associate (38) $81
  • Intern/Summer Analyst (356) $61
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
DrApeman's picture
DrApeman
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
Betsy Massar's picture
Betsy Massar
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”