Latest / The Acquisition Talk with Fexingo: Mergers, Buyouts, and Business Sales for Operators
The M&A Non-Compete Trap That Locked a Founder Out for Five Years
Episode 111 of The Acquisition Talk dives into one of the most overlooked landmines in M&A: the non-compete clause that stretches far beyond what sellers expect. Lucas and Luna dissect the true story of a $30 million deal where the seller signed a five-year non-compete covering not just his former company's market, but any 'adjacent' business the buyer defined later. The result? He couldn't start a new venture in his own field, lost a year fighting the clause in court, and ended up settling for a fraction of his earnout. We break down the specific language that made it…
The skinny
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