2015 was a sellers’ market with transaction multiples increasing. According to Vancouver investors, “7x is the new 6x” in the lower mid-market. It was also a strong year for private equity in Canada with a total of 399 deals – worth $22.8B – completed according to the CVCA. Of these, 239 or 60% were in provinces served by First West Capital.
Your business plan is an important tool in your efforts to raise capital. It can be used by potential lenders and investors to evaluate your business and its prospects. Here are some tips to help you, through your business plan, make your case as effectively and compellingly as possible.
Many businesses with the right ingredients do not think they can raise the money – but there are many options available.
Employee ownership can be a great way to pass on a business to the next generation, ensuring local ownership continues and jobs stay in our communities. It is also a viable solution for business owners looking to retire while at the same time ensuring their legacy continues.
Unfortunately, it is often overlooked as a succession strategy. This article discusses what it takes to complete a successful employee buyout.