“The deal structure did not include a seller carry or earn out… because of the close relationship with the lender.”
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Said on Acquiring Minds
“He pitched the owner on a structure borrowed from real estate, the lease option… Between a seller note and a borrowed equity injection, he has essentially none of his own money in the deal.”
Elias Youssef · Acquiring Minds · Take Over the Business Before You Buy It
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What was described
structured a lease-option style deal: took full operational and financial control via a management services agreement and secured a three-year option to acquire the business, using a seller note and borrowed equity so he put essentially no of his own cash in
run-rate $3-4 M; none of his own money
Said nearby on the same subject
“It took me really two years to sell the company… we missed a few deals because we couldn't keep on producing the financials at the time needed.”
RP
Riccardo Pisano
Practical Founders Podcast ·
“Fuel security services payment, which does support the operation of those two refineries and does provide payments when prices are low”
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Said on Australian Parliament: House of Representatives
“Every seller… was writing it into our exclusive agreements… they were writing in addendums that Ryan will post property tours of our building on his personal YouTube and we will give you the building deal”
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Said on The Knowledge Project
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