The sale of these companies was approached with a more founder-driven process; no investment banking or marketing-based sale process was used. The Leadership team approached several strategic buyers before selecting one with whom to proceed into due diligence. A limited approach was used for due diligence, which included multi-year financial statements, confirmation of customers and other baseline data sets for the buyer and seller representatives to negotiate a final price and terms.
The process took about nine months and resulted in a successful sale with an EBITDA multiple of 8X.
The sale of this company was approached with a fully marketed process involving an investment banking firm. The firm was selected after interviewing more than seven firms. The process involved a sale offering to over 200 buyers which included both strategic and financial companies.
We undertook a detailed and heavy cleaning of financials and due diligence work including reconciliation of all GL accounts going back five years, cash accounts going back 10 years, two consecutive years of audits on two continents with good opinions, thorough legal examination and over 300 documents to support due diligence. The process took about eight months and resulted in a successful sale with an EBITDA multiple of 17.5X.
A US based aerospace company was contacted by Proactive for the purpose of international tax mitigation. The company was started around the early 1900s and was very successful, debt-free and had international sales in a number of foreign countries. The company was privately held and had never performed an examination of tax mitigation on its international sales.
Approximately $30M of revenue was applied to two tax programs and the resulting overpaid tax repaid to the client as a result of the investigation performed
This company is one of the top 20 Non-Profits by revenue in the U.S. The engagement was for an implementation of Oracle PBCS. The project took about 6 months and involved integration and data connection with 7 other software systems the company was already using including packaged products as well as internally developed systems. Data and software mapping was also performed to clarify the project between several departments within the company.