Just curious to get people's opinion on how they would approach the following situation:
Recently joined a LMM PE firm as an Assoc. A close family friend of mine owns a great company to acquire, yet I do not if he is willing to sell anytime soon. He is rather old, Id say 63, so he is inching towards retirement. The company is a great acquisition target, as I know the Top line they bring in and the sustainability of the business itself, with reoccurring revenue and very minimal capex. Given that he is such a close family friend, I know a potential conversation could lead to the right outcome if approached correctly. Any ideas on how you would frame this discussion without coming across wrong?