Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
How Founders Get Trapped by M&A Purchase Price Adjustments
Episode 68 of The Acquisition Talk dives into the often-overlooked purchase price adjustment (PPA) mechanism in M&A deals. Lucas and Luna break down how a typical closing adjustment for working capital or net debt can swing the final payout by millions — and why founders who don't negotiate the adjustment mechanics end up leaving money on the table. Using the example of a $75 million software deal that turned into a $69 million closing payment after a disputed working capital peg, they explain the key provisions: the working capital target, the closing statement timeline, dispute…
The skinny
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