Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
The Post-Closing Adjustment That Cost a Seller 35 Million
In this episode of The Acquisition Talk, Lucas and Luna dissect a real-world acquisition gone wrong: a $200 million deal where the seller walked away with $35 million less than expected due to a post-closing working capital adjustment. They explore how a vague definition of 'normal course' in the working capital peg, combined with an aggressive buyer interpretation, triggered a massive dispute. The hosts break down the exact language that caused the problem, explain the concept of 'working capital peg' and 'target net working capital', and offer practical advice…
The skinny
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