NDV

Typical Strategic Buyer

Traditional Private Equity

Investment Objective

Long-term Growth

Synergies

IRR

Holding Period

Long

Long

Short

Decision-Making Process

Fast

Slow

?

Flexibility in Structuring a Transaction for Entrepreneur and Management

High

Low

Low

Importance of Leverage on Business

Low

?

High

Focus on Organization and Employees

High

?

?

Potential for Sellers to Remain in Business after Sale

High

Low

?