Veteran ETA Roundtable - Session 4 (1/10/2024)

Letter of Intent - Contents & Process

Guest Speaker - Austin Cox

Session Resources

Written Summary Notes: link here

Podcasts

M&A Masterclass - Contents of the LOI

The podcast explains the role of a Letter of Intent (LOI) in business acquisitions, outlining its function as a non-binding preliminary agreement and offering practical tips for negotiating its terms effectively.

Articles / Blogs

Equity Deal Structure - Big Deal Small Business Newsletter

Offers an in-depth exploration of self-funded search deal structures, focusing on aligning incentives and capital structure with investment thesis. The author, with professional experience in investing and restructuring, explains the complexities of deal structures, including preferred equity, junior debt, profit sharing, and the role of searchers and investors in these arrangements.

Gut Reaction Deal Math - Big Deal Small Business Newsletter

Focuses on developing a quick and intuitive understanding of the feasibility of small business deals. It provides a step-by-step guide to assessing deals, including analyzing financial disclosures, structuring deals, setting up cash flow statements, and evaluating the deal's viability based on various financial metrics. 

Posts

Letters of Intent (LOI) Twitter Thread - Eric Hsu

Good post on drafting effective Letters of Intent.