Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
The Locked Box That Cost a Seller 33 Million
In this episode of The Acquisition Talk, Lucas and Luna break down the locked box mechanism — a pricing fix used in UK and European deals that can quietly transfer millions from seller to buyer. They walk through a real-world case where a seller lost $33 million because working capital leaked out of the box before closing, and explain why the mechanism's simplicity is exactly what makes it dangerous. You'll learn what a locked box actually protects against, how the 'leakage' provision works, and the three questions every seller should ask before signing one. If you've…
The skinny
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