Mergers & Acquisitions (M&A) Blog

Clients spend a great deal of time vetting their advisors and, rightfully so. Unfortunately, many boutique investment bankers do not spend the same amount of time vetting their clients. Most boutique bankers would consider themselves “industry agnostic” and “opportunistic.” Those are fancy words for non-discerning. It’s the age-old mantra of shooting everything that moves or...

If done correctly, selling your business can take a year or more and requires a steady, but controlled hand in guiding the process from start to finish. Sellers often wonder, “why does the process take so long?” Let’s reverse engineer it to show why this is the case. Deal Prep–While a good hustle can shorten...

This material has been prepared for general informational purposes only and is not intended to be relied upon as investment, accounting, tax, legal or other professional advice. The views of the third parties set out in this publication are not necessarily the views of Nead,LLC. Moreover, they should be seen in the context of the...

The impact of smart contracts should certainly not be understated. However, most of the oft-touted applications for smart contracts are applied to areas outside stocks, bonds and traditional securities. But that is precisely where the greatest benefit is to be gleaned. Consider a very typical, boring M&A transaction whose consideration could include one or more...

If the SEC thinks even utility tokens will be classified as securities, then the rules surrounding the thousands of ICO advisory services (especially those not licensed as investment bankers) are likely to change drastically — and change soon. Take some time to peruse Linkedin profiles in search of how many “ICO Advisors” and “Blockchain Experts”...

If you are reading this, it’s likely you already are aware of what an ICO bounty is and what it entails. For the under-informed, a bounty on a token or coin offering is simply this: a commission paid to an individual or group of individuals for promoting a coin or token offering. It’s the unregistered...

In the show, “What About Bob?” Bill Murray plays Bob, a quirky phobic in need of psychiatric treatment. At one point in the show, Bob states emphatically, “there are two types of people in this world: those that like Neil Diamond and those that don’t.” The same could be said of blockchain and decentralization. You...

Some of the best deals need no bankers other than to check a box. Unfortunately, not every deal qualifies as the top 20% according to the Pareto Principle. No, the majority of transactions require a great deal of grunt work and boots-on-the-ground labor to get over the finish line. A silly and false notion has...

Tokenized equity on smart contracts hold a great deal of promise, the biggest opportunity being liquidity for secondary offerings tied to the blockchain. However, regulation is likely to play a role in how the smart contracts are structured to ensure compliance. It is certain that tokenized equity can provide immediate liquidity in principal, but the...