Step 3: From Term Sheet to LOI
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| Post Visit | After a successful visit, the process becomes more involved and more formal. Additional information is exchanged, and another site visit may take place. As Hadley Capital continues to learn about your business, and you learn more about us, further discussions regarding company valuation and transaction structure occur. The term sheet from Step 2 may be revised multiple times during this stage and, eventually, lead to a formal Letter of Intent. |
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| Letter of Intent | A Letter of Intent, or “LOI”, is a formal, written document indicating the terms a buyer is offering a seller in a proposed acquisition or investment. An LOI states a serious intent, by both parties, to carry out the proposed transaction. Hadley Capital is very selective about issuing LOIs because they indicate that we will be dedicating substantial resources to acquiring your business under the terms outlined in the LOI.
Less than 1% of the companies we review result in a Letter of Intent and proceed to Step 4. |
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