As a Buyer
Why Benchmark International?
Not every company is built to be sold, and not every seller is built to sell. While some companies and owners may be ready to go when you knock on the door, in the lower to middle markets, this is a rare find. Benchmark International was created with this reality in mind.
We continually adapt our processes to bring liquidity and efficiency to these segments of the M&A markets. For acquirers, this results in a higher probability of closing, quicker closes, lower transaction costs, more certain diligence results, quicker post-acquisition integration, and better post-closing relationships with sellers and management teams. Some of the key areas in which Benchmark International creates these beneficial results include:
We understand that acquirers need data. We also understand that most sellers lack both significant swathes of data that acquirers would like to have and the ability to actually pull and organize the data they do have for acquirers. We provide and manage online data rooms for our clients. The build-out is started well before going to market. To ensure ease of use and security, we use market-leading third party data providers. We assist in organizing our clients' due diligence responses and coordinating those responses through the data room, and use comprehensive tracking checklists to ensure that nothing falls through the cracks and responses come to acquirers in the fastest and most complete form possible.
Our clients have typically owned their businesses for decades and spent as much time, if not more, with the business than with their family. It is safe to assume that it is their single largest financial asset by a long shot. As a result, what acquirers often see as a mechanical process is as much an emotional one for sellers. This leads to what buyers see as sporadic irrationality, bad faith, or worse. We not only work to help the client keep the emotional aspects in check but also to help smooth over the difficulties that arise when the emotional aspects of the deal take precedence over the technical points. We do not see the emotional features of the process as illegitimate concerns but rather as one of the valid aspects of the deal that must be dealt with.