One of the best investments you can make is buying the business you work for. Here are six steps to completing a management buyout. Continue Reading
2015 was a sellers’ market with transaction multiples increasing. According to Vancouver investors, “7x is the new 6x” in the lower mid-market. It was also a strong year for private equity in Canada with a total of 399 deals – worth $22.8B – completed according to the CVCA. Of these, 239 or 60% were in provinces served by First West Capital.
A case study in guiding a family-owned business through a change of ownership.
With the baby boomers reaching retirement age, a large number of companies will change hands in the coming years. Many of these entrepreneurs will sell to family members, which is precisely the situation this business owner found himself in.
First West Capital has financed many fast-growing companies, but according to a recent StatsCan study, highly profitable firms have a greater chance of reaching success than firms that grow too quickly. There are three recurring themes present in companies that have achieved, and sustained, growth rates in excess of 10% per year, while maintaining profitability and securing the financing required. Continue Reading