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Bergman & Beving: The Original Serial Acquirer

In Practise Interviews

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How to Structure Earnouts to Incentivize Meat to Pass Over the Company

The purpose is to ensure a controlled succession over time. If the people would like to face out by any reason in the near term, we typically construct an earnout ranging from one to three years. So that's one way to incentivize to make sure we have a line interest during that transition period. In like in Polartime, as an example, there were four owners and two would like to retire and two would likes to remain in the company. And for the two one who want to remain, they kept some shares within Polartime.

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