From Handshake to Closing – How an M&A Deal Works in Practice
The acquisition, merger or sale of a company – Mergers & Acquisitions (M&A) – is a significant process for both buyers and sellers. Such a corporate transaction usually involves substantial amounts of money, reputation, and responsibility towards employees, customers, and the business-owning family. Particularly for small and medium-sized enterprises (SMEs), a clear structure and legally sound guidance throughout the transaction are crucial for its success. At the same time, almost every deal follows a proven process with recurring milestones: preparation, letter of intent, contract negotiations, due diligence, signing, closing, and integration. In this article, we provide you with a practical, concise overview of how a deal typically unfolds, explain the key terms, and outline a realistic timeline.