Family Offices: Potential Buyers for Your Business?
There are a number of different buyer groups to consider when selling your business. Typically, they fall into one of two categories:
Another type of financial buyer for your organization to consider is a family office.
What is a family office?
A family office is a private investment firm established for the purpose of managing a family's wealth. This type of firm establishes a new approach for wealthy families to directly invest their wealth in private companies or other investment vehicles.
Such organizations supposedly date back nearly a century to the times of John D. Rockefeller, but more recently have become a popular structure versus traditional investment firms. They can come in the form of single-family or multi-family offices, and typically hire tenured investment professionals to manage the office and invest their capital.
What are some advantages to selling to a family office?
Vital to the sale of your business is a clear buy/sell agreement. Check out these tips to ensure you have one that works for you.
Would a family office be an appropriate buyer for your business?
The most appropriate buyer typically depends on a multitude of factors. The most important to consider is your underlying reasons for selling and the desired outcome you hope to achieve.
It’s also vital you start planning early to exit your business. There are a number of moving parts that will lead up to a success exit.
Stay current on your favorite topics
Applicable Offerings
Take a deeper dive into this Insight’s subject matter.
Business Valuation Ownership Transition Sell-Side Advisory Transaction Advisory