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.