M&A – Sell-Side

In the case of a sale of a company (also called sell-side), the entire company (majority stake) or only parts of the company (minority stake) are sold.

Externally, the takeover of shares can be carried out by a management team from outside the company (management buy-in – MBI) or by a company/ financial investor. Internally, the takeover of shares can be carried out by the company’s own management (management buy-out – MBO) or the transfer of shares between shareholders.

If the acquisition takes place partially (partial merger) or completely (full merger) through the exchange of shares in the acquiring company, instead of cash payments, it is referred to as a merger.

In the case of a spin-off, only parts of the company are sold, e.g. business units or locations.

In a share deal, shares in the company (equity) are sold. In an asset deal, assets (current and long term) are sold to the acquiring company.

“Distressed M&A” focuses on the purchase and sale of companies in financially difficult situations up to insolvency. Quick handling of the transaction process and the development of a restructuring concept are crucial here.