Demystifying M&A
By Natasha Dinneen When negotiating a deal, the net working capital position of the company being acquired is a hotly debated topic. As net working capital directly affects the price paid by the buyer, objectives...
Thought Leadership
By Alex McCracken, Managing Director at Silicon Valley Bank Startups and growth-stage companies (scaleups) are increasingly partnering with corporates and seeing great benefits. When built effectively, corporate partnerships can bring sizeable rewards for scaleups as they...
Thought Leadership
By Sheana O’Sullivan In recent years, San Francisco has emerged as the new home for some of Silicon Valley’s greatest tech companies. Traditionally, these companies were located south of San Francisco, on the Peninsula and...
Thought Leadership
By Hazel Moore The sale of your business is usually the culmination of a journey rather than an event. Although on rare, lucky, occasions the right buyer turns up and makes an offer you can’t...
Thought Leadership
By Hazel Moore Over $8.3bn in venture capital was invested into artificial intelligence companies in 2017, up more than 80% over 2016. Investors are piling in, with the expectation of massive opportunities as many, if...
Thought Leadership
By Jason Purcell We have a five-stage SMART process we use at FirstCapital to help companies achieve a strategic sale. We touched on this in last month’s What Is Smart Dealmaking blog, and I’d like...
Thought Leadership
By Mike Reid, Managing Partner of Frog Capital Building a successful tech business is tough. Very tough. The start-up phase is challenging, but scale-up is even more so. Anyone in doubt should read Ben Horowitz’s Hard...
Thought Leadership
By Sheana O’Sullivan Recently, there’s been a marked shift in appetite and activity for M&A in Europe from the big US multinationals. We see this not only anecdotally from talking to buyers, but also in...
Demystifying M&A
By Natasha Dinneen Almost all M&A deals are negotiated on a ‘cash free, debt free’ basis, but what does that actually mean? What happens to the existing cash and debt in the business being acquired?...
Thought Leadership
By Hazel Moore There’s a generally accepted wisdom that around 50% of M&A deals fail to deliver value. However our track record of win-win deals proves that this does not have to be the case....
Press Releases
FirstCapital is delighted to have advised on the sale of DesignMyNight to The Access Group, a leading software provider to the UK midmarket which is backed by TA Associates.
Case Studies
“We wanted a strategic sale, with a partner who valued our business and didn’t want to break it up. Who would allow us to keep growing. Jason really took time to get to know our...