Business Transition Planning: 3 Phases for a Successful Exit
In this guide, we discuss the 3 key phases of business transition planning to ensure a smooth and successful exit.
The Wall Street Journal reports that more and more American companies are aiming for sale instead of IPO. “This underscores the gap between volatile financial markets and a booming merger business.” A predicted interest rate hike, high stock valuations, and terrorism threats all contribute to volatility — which doesn’t bode well for IPOs.
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Middle Market Move of the Week
General Electric’s UK home loan portfolio is being sold to an investment consortium led by Blackstone Group LP. The deal, which will reduce the size of its British home lending business to $400 million, “is part of GE’s plan to divest assets worth about $200 billion of its finance arm, GE Capital, as it moves away from finance and focuses on manufacturing industrial equipment.”