Advisely Board
Advisely Index Top 10Darren_Smith thanks for the article when you sold the business had you already sold equity to those inside the business? did they happily go to the new entity? I also assume you sold on a multiple of profit rather than revenue. Also did you stay in the business for a while to transition the clients
Advisely BoardWe had a large number of our team as equity holders . We also had some ex founders still with equity. The plan always was a trade sale and the outcome needed to be right for a broad range of stakeholders including myself.
the bulk of the team were able to maintain their employment and also get a crystallisation event for their equity participation . For those still in the business they are part of largely the same team looking after exisiting clients with an owner who wants to invest and grow the business. no one likes change but they are all very well placed to have strong career opportunities from this event ..