Due Diligence Archives - Caveat Legal

From Headline Price to Cash in Hand: Navigating the Final Stretch of your Business Sale

When a founder sells their company, the headline price often feels like the culmination of years of hard work. There’s the euphoria of seeing the finish line at last. But that headline figure is not the same as cash in hand. Deals can, and often do, falter in the long stretch between signing and completion.We’ve […]

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Deals in Africa: Price the Execution, Not Just the Story

Financial Services Law, Fintech & Cryptocurrency Law, Mergers & Acquisitions / loucile@caveat

Great deals rarely fail on strategy – they stumble on execution. Investment memos model TAM (Total Addressable Market) and competition elegantly. Where value often leaks is in the plumbing: regulatory paths, contract transferability, data protection exposure, people risk, tax, and the assumption that targets are tidy when the reality is far more messy. If you’re

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Exit-Ready Isn’t a Data Room. It’s Discipline.

Corporate & Commercial Law, Mergers & Acquisitions / loucile@caveat

Founders often think “exit-ready” equals “we spun up a data room.” In reality, buyers price certainty above all – and certainty is built long before diligence starts. The fastest way to a clean deal (and a higher headline price that actually converts to cash) is to fix what breaks deals long before an LOI lands.

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3 Types of Successful Acquisitions

Mergers & Acquisitions / caveat

Mergers & Acquisitions (M&A) are often the most effective way for companies to transform their businesses, whether through acquiring or divesting of businesses or subsidiaries, acquiring technology or supply chains, investing in new product lines, or entering or exiting markets. What are the three types of acquisitions? 1. Horizontal Acquisition: This involves a company acquiring

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Successful Acquisitions

Mergers & Acquisitions / caveat

Acquisitions involve the takeover of one “target entity” by another entity (the “acquiring entity”). Their aim is to achieve value. Successful acquisitions play a significant role in business growth. Through them, businesses can expand into new markets, increase their range of products and services, and their competitiveness. Not all acquisitions are successful. Given that they

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Mergers and Acquisitions: The Benefit of Legal Services in facilitating successful transactions

Mergers & Acquisitions / caveat

What is meant by ‘mergers and acquisitions’? The term refers to that category of transactions which come about where one company wants to buy, or make a significant investment in, another company’s business. Whether you are considering selling your business, or whether you are looking to acquire an existing business, the stages through which the

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Business Acquisition: How to Acquire a Company in Five Steps

Mergers & Acquisitions / caveat

Mergers & Acquisitions (M&A) are often the most effective way for companies to transform their businesses, whether through acquiring or divesting of businesses or subsidiaries, acquiring technology or supply chains, investing in new product lines, or entering or exiting markets. What is a corporate acquisition? An acquisition is defined as a corporate transaction where one

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M&A Deals: Have you thought about POPI?

Mergers & Acquisitions / caveat

With the one-year grace period for compliance with the Protection of Personal Information Act (POPI) ending on the 30th of June 2021, it’s difficult to think about anything outside of your own organisation’s compliance (well at least for us compliance fanatics, that is). However, if you’re considering an M&A deal currently or in the future,

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Takeover Defenses: The Thorn in the Side of US Corporation Shareholders

Commercial Law, Mergers & Acquisitions, Shareholder Agreements / caveat

No decent soap opera is complete without a few episodes dominated by the drama and shenanigans surrounding a hostile takeover bid for a corporation. U.S. listed companies have long adopted “takeover defenses” to assist them in resisting hostile takeovers. Aside from making stimulating TV viewing, hostile takeover bids are uniquely placed at the intersection of

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A Sale of your Business may require Takeover Regulation Panel Approval

Commercial Law / caveat

If you conduct your business using a private company as a vehicle then, no matter its size (turnover, asset value, number of shareholders or any other measureable) your company may require Takeover Regulation Panel (“TRP”) approval in terms of the Companies Act 2008 (“the Act”) for the sale of all or the greater part of

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