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Ascension Advisory's Two-Company Theory
Every operating company that owns its real estate is, financially, two companies. The mistake is...
Topic
M&A
Share Sale vs. Asset Sale: The Decision That Can Shape a Business Exit
When selling a business, the structure of the transaction can be as important as the purchase...
M&A Structures: What Founders Should Understand Before a Sale
For founders weighing a sale, recapitalization, or strategic partnership, valuation tends to...
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The Strat’s Sale Leaseback Path Finally Becomes Reality
In November 2024, Ascension Advisory published an article examining whether The Strat, an iconic...
The Difference Between Tuck-ins, Add-ons, and Platforms in M&A
When private equity firms talk about a tuck-in, an add-on, or a platform, they’re describing very...
When Falling Interest Rates Shift the Exit Landscape
For many business owners, determining when to sell is both an art and a science. Wait too long, and...
Dealmakers Reignite Global M&A as Year-End Approaches
A burst of megadeals has propelled global M&A past the $1tn mark in the third quarter, underscoring...
The EBITDA Trap in Lower Middle Market M&A
In the lower middle market, where thousands of private businesses change hands every year, one...
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Kraft Heinz Split Underscores the Shift From Scale to Focus
Kraft Heinz is pulling itself apart. Nearly a decade after Warren Buffett and 3G Capital engineered...
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Keurig Dr Pepper’s $18 Billion Coffee Play Redefines Its Portfolio
Keurig Dr Pepper’s $18 billion agreement to acquire JDE Peet’s is among the largest beverage deals...