+Exit
Caldera Capital partners with management, majority shareholders, and key stakeholders to navigate the complexities of exit transactions. Our team provides strategic guidance and executes tailored transactions to help clients maximise value realisation and achieve their exit objectives.
From business sales and divestments to recapitalisations and hybrid transactions, we support clients at every stage of the exit journey, delivering insightful advice and exceptional outcomes.
Maximising value: navigating the optimal exit path
Founders, majority shareholders, and key stakeholders often reach a point along their journey where they consider exit options to realise the value they have built, transition to new ventures, or plan for succession. While there are various exit paths available, identifying the most suitable strategy that aligns with stakeholders' objectives and maximises value is paramount.
Caldera Capital specialises in guiding clients through these critical decisions, providing strategic advice and transaction execution expertise to ensure achieving the best possible outcome doable at the time.
Navigating exits: Strategic factors and key levers
When planning to exit a business, stakeholders must navigate a complex array of strategic, financial, and operational considerations. These processes are intricate, comprehensive, and often time-intensive, requiring careful planning and expert execution to achieve the best possible outcomes.
Each exit strategy involves a distinct set of factors and levers that can significantly impact the transaction. While there are common themes across different exit paths, the specific priorities and approaches can vary considerably. The Caldera Capital team has outlined some of the key considerations under each of the following common exit scenarios.
Business Sale and Divestments
Strategic business sales and divestments enable companies and shareholders to optimise their holdings, reallocate resources, and unlock value. These transactions present opportunities for businesses to refocus on core competencies and for key shareholders and founders to realise the rewards of their entrepreneurial efforts.
Recapitalisation and Hybrids
Recapitalisations and hybrid financing solutions enable businesses to optimise their capital structure, enhance liquidity, and fund growth initiatives. These transactions provide opportunities for companies to realign their debt and equity mix, secure growth capital, and allow key shareholders and founders to realise a portion of their investment while continuing to drive the business forward.
Comprehensive execution across exit-related transactions
Caldera Capital's expertise spans the full spectrum of exit transactions, enabling the firm to provide bespoke solutions tailored to the unique challenges and objectives of each business. Our team leads the execution of those transactions on behalf of our clients.
Full business sale
Advise on the sale of the entire business to strategic acquirers or financial sponsors, including private equity firms, maximising value for shareholders.
Carve-outs
Plan and execute the sale of a division, subsidiary, or product line, ensuring business continuity, optimising deal terms, and unlocking value.
Divestments
Assist groups in divesting non-core assets or businesses to streamline operations, reinvest in core competencies, and enhance shareholder returns.
Private equity exits
Advise private equity firms on realising successful portfolio company exits through trade sales, secondary buyouts, or initial public offerings.
Spin-offs
Guide businesses through the process of separating a business unit or division into a standalone entity, creating value for shareholders and enabling strategic focus.
Management buyouts (MBOs)
Assist management teams in acquiring the business they operate, securing funding, negotiating deal terms, and aligning stakeholder interests.
Cross-border transactions
Provide expertise in managing international business sales and divestments, addressing country-specific regulatory, tax, and cultural considerations.
IPO independent advice
Provide objective guidance on IPO readiness, valuation, timing, and strategic alternatives as an independent advisor to the board and management.
Equity recapitalisation
Raise new equity, often from Private Equity, to optimise the balance sheet, reduce leverage, fund growth, and provide shareholder liquidity.
Minority equity recapitalisation
Execute strategic minority equity investments alongside a recapitalisation to bring in value-added partners and growth capital.
Balance sheet optimisation
Advise on optimising the capital structure through a combination of debt, equity, and hybrid instruments to support strategic objectives.
Special situations recapitalisation
Structure comprehensive recapitalisation solutions for companies facing unique challenges or opportunities, often with specialised investors.
A continuous, evolving partnership
When approaching a significant transaction, the balance between speed and precision is crucial. Acting swiftly while maintaining a strategic approach enhances the likelihood of securing optimal terms, successful outcomes, and sustained success post-deal.
Strategy and planning
Develop a comprehensive strategy that aligns business objectives, stakeholders’ interests, and market opportunities, ensuring a clear path to success. This stage involves a careful assessment of market conditions, financial strategy, and target identification and analysis to set the foundation for a successful transaction.
Key considerations mentioned earlier are just a few of the many variables and levers our team evaluates during this phase.
Additionally, we identify “low-hanging fruits” and other strategic initiatives to maximise deal value and completion probability before going to market. (For detailed insights, read more here).
Time Estimate: on average 1 - 12 weeks
Business and deal preparation
Prepare the business for the transaction process by refining financials, crafting a compelling business case, and ensuring readiness for external scrutiny. This phase involves a meticulous understanding of every aspect of the business, identifying opportunities for improvement, and creating a robust information memorandum.
Key considerations mentioned earlier are just a few of the many variables and levers our team evaluates during this phase.
We take preparation to the next level by meticulously understanding every aspect of the business, identifying opportunities for improvement, and crafting a compelling information memorandum. (For detailed insights, read more here).
Time Estimate: on average 2 - 12 weeks
Going to market
Launch a targeted outreach campaign, leveraging our network and engaging with potential parties who align with the transaction thesis. Manage communications, addressing concerns and feedback while maintaining momentum. Further, we adapt the approach as needed based on market conditions and feedback.
Key considerations mentioned earlier are just a few of the many variables and levers our team evaluates during this phase.
We leave no stone unturned by meticulously mapping out the universe of potential targets and counterparties, and leveraging our extensive networks for relentless outreach. (For detailed insights, read more here).
Time Estimate: on average 2 - 24 weeks - dependent on market feedback
Transaction execution
Execute the transaction with diligence, facilitating a smooth due diligence process, structuring the deal, and negotiating favourable deal terms. Coordinate legal, financial, and regulatory aspects of the deal, ensuring alignment among all stakeholders. Plan for post-transaction integration and value creation initiatives to hit the ground running.
Key considerations mentioned earlier are just a few of the many variables and levers our team evaluates during this phase.
We apply global investment banking rigour combined with a hands-on boutique approach to ensure meticulous attention to detail and optimal transaction outcomes. (More details here).
Time Estimate: on average 2 - 14 weeks
Maintain and grow
When applicable, provide ongoing support to ensure seamless integration and sustained success. Continuously identify new opportunities for the next phase. Implement effective post-transaction integration plans to realise the full potential of the transaction while keeping doors open for future opportunities.
In partnership with management, we continue to reflect on performance and proactively identify new growth opportunities to drive continued success.
Time Estimate: Ongoing
Bespoke engagement approach
Our team understands that each business is unique, with their own set of challenges, goals, and opportunities. The firm's bespoke engagement approach, led by experienced directors, is meticulously structured to deliver high-value solutions that address the specific needs of each business we work with.
Prepare and execute a specific deal
We ensure optimised deal preparation and expert execution, guiding our clients to the best possible outcomes.
Year-round advice and deal execution
Working hand-in-hand year round, from strategy to planning and executing the optimal deal at the right timing.
Strategic growth advisory and execution
Ongoing support in crafting and implementing comprehensive strategies for sustainable, long-term growth.
Advisory board guidance without execution
Ongoing strategic advice and support as a trusted advisory partner, without direct involvement in deal execution.
We're here to help
At Caldera Capital, we respect and value every enquiry we receive. We will do our best to assist you or, at the very least, guide you in the right direction.
