Services · Exit Readiness

Exit readiness — building the company buyers compete for

Most owners begin exit preparation eighteen months too late. We build the diligence file, the metrics discipline and the forecast track record that buyers pay a premium for.

How to prepare a company for sale

A premium is not a reward for a good business. It rewards a good business that can prove it quickly, with numbers a buyer's team can rely on without rebuilding them. Our exit readiness program is a structured 12–36 month engagement that closes the gap between the company you run and the company a buyer will pay a premium for.

  • Clean financials. Statements brought to an audit-ready standard, prepared for quality of earnings review.
  • Defensible forecasts. Forecasts that are met, quarter after quarter, until they become a record.
  • A diligence-ready data room. Built and maintained before a buyer asks for it.
  • Closing value gaps. Revenue quality, customer concentration and contracts, addressed while there is time.
  • The narrative. A story that creates competitive tension among buyers.

Know who your buyers are

Your most likely acquirer is often already in your orbit: a partner, a supplier, a customer, a competitor. We map that landscape early. You learn who would pay a premium and why, and the relationships are in place before a process begins.

Several credible buyers create competitive tension. One buyer is a negotiation you lose.

How long exit preparation takes

Eighteen months is roughly the shortest runway in which the important gaps can be closed and seasoned: about twelve months to fix, six for the fixes to produce a track record. Starting earlier is better. Exit readiness is a discipline you run while you still think you never will sell. Read The Eighteen-Month Rule.

Through to the transaction

When the process goes live, the same leadership stays at the table: banker selection and management, negotiation strategy, diligence leadership and steady counsel through signing.

Wendy led MAKE Technologies through its acquisition by Dell and executed Immersive Media's CA$100M cross-border exit to Hong Kong-listed Digital Domain Holdings. That record includes one deal over $500M and twelve between $30M and $200M.

$1.5B+
M&A transaction experience
1
Deal over $500M
12
Deals between $30M and $200M

Questions founders ask

Exit readiness: common questions

How long does exit preparation take?

Our program runs 12 to 36 months. Eighteen months is roughly the shortest runway in which gaps can be fixed and then seasoned into a track record that buyers trust.

What is a diligence-ready data room?

A complete, organized record of what a buyer's team will examine — financial statements, metrics, contracts, customer data and governance — kept current so a process can start without months of scrambling.

Do you prepare companies for a quality of earnings review?

Yes. Clean, audit-ready financials and consistently defined metrics are the core of the work, so a quality of earnings review confirms the numbers rather than rebuilds them.

Do you replace an investment banker?

No. We prepare the company and lead it through the process: selecting and managing the banker, setting negotiation strategy and leading diligence through signing.

Is exit readiness only for companies planning to sell soon?

No. The companies that exit best are built that way for years. The same discipline improves fundraising, board confidence and day-to-day decisions.

Related

Further reading

If an exit is anywhere on your horizon — it's time to talk.

A confidential first conversation with Wendy, partner to principal. When one of the five to six seats opens, it goes to the company where the work will matter most.

Request a Confidential Call