Spectacular achievement

is always preceded

by unspectacular preparation

What Is Exit Readiness?

Being Prepared
Maximising value and choosing the best exit strategy means understanding all the options available (full or partial Sale, IPO, MBO, etc.), knowing the potential value of your business and choosing the right time to conduct the transaction. Venero’s Exit Readiness programme helps you explore your liquidity options, clarify your objectives and define the right preparatory course of action for achieving them.

Maximising Value Prior to a Sale
When it comes to business valuation, knowledge is power. Our industry expertise and experience of completing over 50 M&A transactions provides you with a real-world assessment of your business. Our Exit Readiness programme provides you with insight into the potential universe of buyers and an assessment of what will drive value in the future. 

Controlling the Timing
The key to a value-maximising liquidity event rests in controlling the process and its timing. Venero’s experienced team of corporate finance advisors can provide a path to understanding what drives value even in the most complex engagements, while our transaction experience provides real-time market perspective to business owners, financial executives, Boards of Directors and investors. 

Boosting Growth with Bridge Funding
Once we have reviewed your strategic plan and identified areas through which growth can be further accelerated over the next 1-3 years, we can help you secure the necessary capital for implementing the roadmap and enhancing the value of your company prior to a sale. Find out more...

Exit Readiness Programme Highlights

When: 6-18 months prior to initiating a liquidity event. 

​Key Activities:
- Define Liquidity Objectives
- Identify Exit KPIs
- Analyse Valuation
- Scope Potential Acquirers
- Monitor Sector M&A/IPO Activity
- Highlight Exit Readiness and Value Maximisation Improvement Areas 

​Deliverables: 
- Exit Readiness Scorecard and Recommendations
- Valuation Analysis
- Purchaser Analysis
- Ongoing Sector M&A Updates

Exit Readiness Programme Overview

We specialise in maximising value for shareholders, executing a thorough preparation and sale process that has been tailored to your company's specific circumstances.

01 | Initial Review

We review aspects of your business that will be relevant in the context of a liquidity event, such as corporate structure, financial performance, competitive landscape, IP, customer concentration, suppliers, funding, organisational structure, etc. 

02 | Liquidity Objectives

During a half-day session, we review the business in detail and discuss the objectives (quantitative and qualitative, personal and general) relating to the envisioned liquidity event. We also ask that you rate your business in 20 key areas, which in aggregate indicate how ready your business is for exit. 

03 | Potential Acquirers

We scope potential acquirers and review the strategic rationale for each type of purchaser. We prepare “strategy teardowns” for the most likely acquirers, including acquisition history, strategic objectives, financial standing and funding capacity.

04 | Growth Routes

Key to maximising value is defining your company’s routes to growth. We assess the merits of each one in the context of adding capital value, ease of implementation and whether it will widen the universe of purchasers. Thereafter, we seek to monitor progress against these opportunities. 

05 | Company Valuation

We undertake a robust analysis of your business, the market in which you operate and the precedent transactions within it, to produce an indicative valuation. We give further consideration to the levers of value within your business and to how this valuation could be enhanced.

06 | Sector M&A Updates

We provide periodic updates on sector activity that may be relevant in the context of your eventual liquidity event. This includes relevant M&A, corresponding valuation multiples and other metrics, market sentiment, trading performance, valuation and strategy updates for key listed peers.

07 | Sale Readiness Recommendations

We highlight areas of the business we believe may require addressing in advance of a liquidity event. We present a series of recommendations organised by importance, focused both on enhancing the capital value of the business and on ensuring it is ready for sale when the time comes. 

08 | Bridge Funding for Pre-Exit Growth Acceleration

Optionally, we can help you secure "bridge equity funding" between €5 million and €50 million from a bespoke network of investors. The purpose of the funding is to accelerate your company's growth during the 1-2 years leading up to a sale and is subject to your company exhibiting certain characteristics that are fundamental to our investors' risk management and portfolio construction philosophy.

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