This case study traces Australian Energy Limited (AEL) from the company’s initial formation through to divestment by its original founders. AEL was selected to feature in this case study as it is typical of companies that approach CFSG seeking end-to-end corporate advisory services including direct investment, capital raising, general b... Read More
In this post, we will provide you with a simple overview of the standard M&A advisory fees that investment banks commonly look to put in place for sell-side transactions (i.e. when selling a business) and highlight some of the key aspects that are open to negotiation. When it comes to selling your business, appointing an experienced i... Read More
CapEx (or “capital expenditure”) is money spent by a company on assets that are anticipated to provide an enduring benefit to the business of usually 12-months or more. For example, when a company buys a new piece of equipment for its factory, it is anticipated that the equipment will provide a long-term benefit to the organisation’... Read More
An owner considering the sale of their business typically has two broad categories of potential acquirer: strategic purchasers and private equity firms (“PE”). To maximise competitive tension and to achieve the highest possible sale price, it is typically advisable to reach out to both strategic purchasers and private equity as part o... Read More
When a business owner is preparing their company for potential sale, a key piece of data that they will need to identify is their business’ historical earnings, particularly EBITDA (Earnings before Interest, Tax, Depreciation & Amortisation). Acquirers tend to focus on EBITDA because it is seen (perhaps mistakenly) as a proxy for ca... Read More