Buy and build: 5 top tips

This month we focus on some of the dynamics of ‘buy-and-build’, a strategy popular in the private equity industry for accelerating business growth and value – particularly in times of slow economic growth – with five things to consider when undertaking a ‘bolt-on’ acquisition (an acquisition by an existing investee company).   1. Management equity…

Anti-dilution protection

This article looks at protections that may be negotiated by minority investors to avoid or limit the damage of equity dilution. The number of investments in which private equity or venture capital funds have minority shareholdings is increasing. Early or mid-stage venture deals are long-standing examples of such deals, but the recent surge in the…