Episode 0. Introduction to the Curious Kiwi Capitalist Podcast The Curious Kiwi Capitalist podcast is about the New Zealand capital markets and the people in them including: asset allocation and portfolios private business capital structure business valuation M&A process behavioural finance capital allocators private equity venture capital alternative investments investment strategies and how we apply … Read More
by Bruce McGechan
This article first appeared in searchfunds.co.nz — Mandanex Capital’s introduction to search funds in New Zealand. This article describes search funds and their application in New Zealand. It suggests a way forward for New Zealand searchers, the investment community and business owners looking to exit. A search fund receives capital from investors for the entrepreneur … Read More
by Bruce McGechan
A comprehensive explanation of the process of how to sell your business from a New Zealand perspective You’ve spent years building your business, you enjoy working with your customers and employees, but you’re getting older and its time to nurture your health and sell your business. Here’s how to do it. Contents Business Value and … Read More
by Bruce McGechan
In this article I’m going to look at how to value licensed restaurants or cafes for the purposes of selling a business (using “fair market value” in an asset, not share, sale). The same approach can be used to value most hospitality businesses including non-licensed cafes and restaurants, and bars. Sample Cafe Profit and Loss … Read More
by Bruce McGechan
Summary This article explains how to sell a mid-market business in New Zealand. It goes through this process: Understand Buyers Brief Advisors Preparation Buyers List The Approach The Offer Due Diligence Final offer and Contract Earn out What is “Mid-Market”? In New Zealand, middle or “mid” market businesses have revenue of $2 million to $50 million. … Read More
by Bruce McGechan
Perhaps you’ve just the got the word from your doctor, your health is deteriorating and you need to stop working. Perhaps you’re going through divorce. Whatever the reason, you’ve come to the difficult conclusion you need to sell your business and you need to sell it fast. You’ve read my article How to Sell a … Read More
by Bruce McGechan
Summary There are three overall methodologies to value a business: 1) Income-based including Capitalised Earnings and Multiple of Discretionary Earnings methods 2) Market-based including Direct Market Data and Rules of Thumb methods 3) Asset-based such as Asset Accumulation method Introduction You’ve spent years building your business, you treasure the friends you’ve made with customers, suppliers … Read More
by Bruce McGechan
So you’ve found a buyer, you’ve pre qualified them to establish they have the financial resources and skills to buy the business and aren’t just kicking tyres or attempting to find out confidential information. Before you open the books of your business for due diligence you want a signed contract to sell the business. This … Read More
by Bruce McGechan