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“Debt Free/Cash Free” – a sting in the tail?

Most of the focus in a transaction process is on maximising the value of the business on an Enterprise Value


Debt considerations for search fund transactions

Further to our recent article on the role of search funds as an alternative buyer group and the completion of


The Price is Right…….(ish)

Let me apologise up front because this might not be one of the most upbeat of topics that I could


Search Funds- An Alternative Buyer Group

When entrepreneurs and their advisors consider the options available for a full or partial exit of their business, potential buyers


Effective negotiation; the lessons of history ?

Those who know me understand that my first love is not corporate finance (!) but history.  The two disciplines come


HMT appoints new Debt Advisory Director

HMT are delighted to announce that Neil Brown is joining our team as a Debt Advisory Director. Neil, who joins


The crucial role of a financial model when selling or fundraising

When embarking on either a disposal or fund-raising process, it’s essential to have a robust financial model in place for


Begin with the exit

Can you set out to build a salable business from the start ? I frequently run workshops for entrepreneurial mid-market


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