A business acquisition is one of the most far-reaching processes an entrepreneur can go through — whether you want to buy a business, sell one, or prepare for family succession within the company. The process involves much more than negotiating a price: from the initial orientation and valuation, through due diligence and financing, to the legal completion on closing day. Each phase has its own pitfalls, and mistakes made early on can have major consequences later, both financially and legally.
In this article, we set out the full acquisition process in 6 concrete steps for you. You will get a clear overview of what is expected of you at each stage, which parties are involved, and what to watch out for in order to ensure the acquisition goes smoothly and successfully.