When a buyer and a seller reach the letter of intent (LOI) stage, they'll have agreed that the potential fit looks good and that due diligence—the research phase that structures and certifies the transaction—can begin. In this post, we'll review the steps the seller should take once both parties have signed the LOI.
The September quarter shows improved organic revenue growth and operating efficiencies for Multi-Color Corp. (MCC), both contributing to better earnings. For example, net revenues increased 21 percent to $213.0 million from $176.6 million compared to the prior year quarter. "We see these improvements as broadly based and sustainable. We are now focused on further organic revenue and earnings growth potential for next fiscal year, as well as acquisition opportunities," said Nigel Vinecombe, president and CEO of Multi-Color Corp.
A favorable economy, record stock prices, low interest rates...at long last, all the right stars have aligned around M&A activity, and there’s no reason to think that the stepped-up pace of dealmaking will slow down anytime soon. We are seeing strong interest among private equity players, as well as strategic buyers. Private equity firms are attracted to growing entities that offer platform opportunities.
M&A experts discuss what the hottest market segments are within the commercial printing and package printing/converting industries.
It’s a great time to sell a printing or a packaging business. But, as favorable as market conditions may be, is it your time? There are a number of other things to consider before you hang out the "for sale" sign.
In the first part of this discussion about what motivates owners of print and packaging companies in transacting mergers and acquisitions, we noted that every buyer and seller needs to have a clearly defined “why” in mind whether a deal is on the horizon or not. Now, let’s address what drives the thinking of buyers who are actively pursuing acquisitions.
Acquiring or being acquired by another company can be a long, drawn-out and distracting process in which the proverbial cat can be hard to keep in the bag. With the guidance of a professional M&A adviser, you can be sure of what to say, when to say it and whom to say it to.
Specialty Finishing Group, a commercial bindery and lettershop in Elk Grove Village, IL, has merged with Franklin Park, IL-based Delta Press, a provider of diecutting, foil-stamping, embossing and other specialized finishing to area commercial printers.
Companies that achieve new capabilities by educating and re-equipping themselves at trade shows shouldn’t keep their progress a secret. Whether your aim is to be attractive as a seller or credible as a buyer, you’ll want your company to be known as one that’s able to deliver whatever its customers want to buy, especially when those products fall outside the definition of traditional print manufacturing.
Keeping things to yourself in an M&A transaction may seem the most natural and commonsense behavior in the world—a rule that literally goes without saying. But, no matter how seriously we take confidentiality, it’s a rule that’s prone to being broken in the stress and distraction of transferring ownership of one company to another. When this happens, the consequences can be messy.
