The BishopKnight Group LLC.
Divestiture Process
To maximize value, it is crucial to carefully plan and organize the divestiture process. The BishopKnight Group LLC. has the necessary experience and expertise to ensure a smooth and efficient divestiture process. Each step in the process presents both opportunities and risks that directly impact the final price.
As a seller, it is important to:
- Develop an exit strategy:
- Identify objectives and timeline
- Research the marketplace
- Prepare operations to maintain positive trends and profitability
- Determine enterprise value:
- Recognize key value drivers
- Collect and analyze data
- Obtain a third-party valuation
- Bring the business to market:
- Develop and qualify all viable prospects
- Execute confidentiality agreements
- Narrow down the field
- Evaluate a letter of intent:
- Analyze the written offer (price and terms)
- Propose a counteroffer if necessary
- Allow the buyer to conduct due diligence
- Establish a definitive purchase agreement:
- Work with a qualified transaction attorney and tax advisor
- Plan the transition using a management agreement, non-compete, etc.
- Complete the transaction:
- Open escrow
- Close escrow
- Wire funds.