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Case Study Interviews: Good things to know!!
The locked-box refers to a set price, which the purchaser is obliged to pay in full. The costs ('permitted leakage') that might be deducted from this figure include dividends, short-term expenditures, and any operating costs that are payable in the interim. This is so that purchasers, having...- Christopher Ho
- Post #14
- Forum: Commercial Awareness Discussion
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C
Case Study Interviews: Good things to know!!
Locked-box: The price agreed upon by the seller and buyer is fixed, which provides both sides with certainty about cashflow. There is a concept of 'permitted leakage', which refers to specific costs that can be deducted from that agreed price, but these costs have to be identified. Completion...- Christopher Ho
- Post #9
- Forum: Commercial Awareness Discussion
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C
Case Study Interviews: Good things to know!!
It is possible, but it would depend on the specific deal and the company's articles of association. I don't believe that those terms automatically arise. In any case, PE houses often seek 100% shareholding so I suspect it's not a question that arises often. I imagine that PE houses are a lot...- Christopher Ho
- Post #8
- Forum: Commercial Awareness Discussion