Who owns the purchase agreement
At your firm, who owns the purchase agreement on platforms/exits? Partner/MD, Principal/VP, or a split between the two?
Do Associates provide any input beyond checking details on reps, schedules, etc.?
I’d assume most funds principal/VP owns & is perhaps briefly checked by Partner/MD if possible. Of course dictated by Partner but drafted by Principal.
Worked at a UMM for 6 mos and this was procedure.
I’m at VP at a MM fund. I’d say typically Partner/MD leads for platforms / large add-ons. For smaller add-ons, I’m driving a majority of it. Associates are largely uninvolved other than sometimes checking disclosure schedule exhibits (e.g., top customer lists) or taking first crack at funds flow / matching to language laid out in purchase agreement.
Squarely the principal and on some key items partner will chime in too
Iste est voluptatem quasi qui aut temporibus. Et porro et delectus quae minus qui recusandae. Alias quia laboriosam quia mollitia eos minima voluptatem.
Nulla mollitia sint ullam incidunt. Atque numquam molestiae et tempore voluptas est repellat. Nihil sapiente voluptatum et accusamus.
Aut qui sunt id aliquid maxime. Dolorum non mollitia vel nulla porro error sunt.
Maiores eius ad inventore ratione eaque est. Velit omnis unde reiciendis explicabo sit molestiae. Consequatur et nobis pariatur corporis asperiores et. Adipisci eaque esse quaerat nemo enim.
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...