Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses cover image

Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses

The Process: From First Call to Close (Do Diligence Confidently Ep. 3)

Sep 14, 2023
This podcast episode explores the process of entering into a partnership with Permanent Equity, from the introductory call to closing a deal. The hosts discuss the importance of diligence and demystify the investment process. They also cover topics such as making an offer, due diligence, defining key terms, and the step-by-step process from the first call to final close.
21:01

Podcast summary created with Snipd AI

Quick takeaways

  • Establishing a shared vision of the future with potential sellers is crucial before making an offer.
  • Thorough due diligence, including financial analysis and operational review, is essential to confirm assumptions and minimize risks during the acquisition process.

Deep dives

The Initial Conversation and Assessing Compatibility

The podcast episode starts by emphasizing the importance of diligence in the investment process and how Permanent Equity aims to demystify it. They discuss the initial conversation with a potential seller, focusing on understanding their goals and assessing whether they align with Permanent Equity's control-oriented investment approach. If there is mutual interest, they move into a series of conversations to gather more insights and understand the nuances of the situation and business. The key point is to ensure a shared vision of the future before making an offer.

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