Multi-Process Exit Transactions: Overview and Management

Summary

This practice note outlines certain important aspects of multi-process transactions that may bear on the specific strategy that an investment manager looking to exit a portfolio investment might ultimately decide to pursue. When a private equity fund or other owner of a private business undertakes an exit transaction, it does so after much planning and preparation. An exit transaction is a significant event in the life of a business, and the controlling shareholder(s), the board and management should carefully consider their alternatives in terms of expected value and ease of execution.