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| The Power of Private Auction
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Sellers Original
Value Expectations:
$2 - $3 Million from sale |
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Software Technology Partners |
2000 |
2001 |
2002 |
2003 |
2004 |
2005 |
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Annual Revenues(Million) |
$ 2.000 |
$ 5.249 |
$ 2.632 |
$ 2.175 |
$ 3.900 |
$ 8.000 |
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Cash Flow (EBITDA) |
$ 0.917 |
$ 2.036 |
$ 0.075 |
$ 0.308 |
$ 1.060 |
$ 2.000 |
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Discreet Private Auction Sweetens Buyers' Bids
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Offer / Deal Structure |
$ Total |
$ NPV |
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| 1 |
$ 2.0M cash, $1.0M earnout |
$ 3.0M |
$ 2.7M |
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| 2 |
$ 0.5M cash, $ 0.7M - 5 year note, $ 2.5M earnout over 3 years |
$ 3.7M |
$ 3.2M |
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| 3 |
$ 1.0M cash, $ 1.2M - 5 year note, $ 2.5M earnout over 5 years |
$ 4.7M |
$ 3.7M |
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| 4 |
$ 2.5M cash, $ 2.5M earnout over 5 years |
$ 5.0M |
$ 4.1M |
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| 5 |
$ 3.4M cash/stock, $ 2.1M earnout over 5 years
(Accepted) |
$ 5.5M |
$ 4.8M |
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