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Article: Threesome looks for capital ideas; Recapitalization of a business is one way for ownership to grow a firm or advance a succession plan.(BUSINESS INSIDER)
- Article from:
- Star Tribune (Minneapolis, MN)
- Article date:
- October 12, 2009
- Author:
CopyrightCOPYRIGHT 2009 Star Tribune Co. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: TODD NELSON
Special to the Star Tribune
After years of building your company, you need an exit strategy or ownership succession plan.
Your company may be financially distressed. You may be looking for a way to expand the company or get cash for estate planning.
Selling the firm may be an option, but not the only one.
Some owners find a solution in a recapitalization of their firm, according to Gerald Clark, founder and manager of SealedBid, a boutique mergers and acquisitions company with offices in Edina and Fairmont, Minn.
In a recap, an owner exchanges equity for cash and stock in the newly capitalized ...