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How To Become A Business Angel: Practical advice for aspiring investors in unquoted companies by Richard Hargreaves

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Chapter 12: Sale: Strategies and Process

Introduction

By far the most likely exit for a company in which you are invested is its complete sale. Sometimes though you might have the opportunity to sell part of your holding when a strategic buyer takes a partial stake rather than buys the company outright. The buyer is likely to be corporate but might be private equity.

The sale of a company is a complex subject and is dealt with in this and the next chapter. This chapter takes you through the main strategies and processes in some detail whereas the following chapter concentrates on the possible structures of a sale and their consequences – including tax.

The trade sale

Why the trade sale is attractive

A trade sale is generally seen ...

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