Since 1990, we have assisted a number of early-stage and small capitalization public companies with M&A expertise. These have ranged from a fairness opinion for a $5 million privately-held company to the purchase of producing properties for one of the largest integrated oil and gas companies in the U.S.

At prior firms our Managing Directors had significant M&A experience, including strategy, due diligence and execution of cross-border engagements with large publicly-traded companies. Since 1981 our Managing Directors have participated in over 60 middle market M&A transactions with an aggregate indicated value of approximately $2.5 billion.

We Understand M&A

• Due diligence and preparation of offering materials must be conducted in an organized and expedited fashion, often with limited staff and limited resources.

• Corporate governance issues, especially meeting the duties of a small-capitalization company board can be daunting. This often requires difficult negotiations in the term sheet to allow for procedures to seek a higher bid, and an accelerated shopping process in order to demonstrate that higher offers were sought.

• Merger mandates require the ability to understand both the technology and the value proposition of an acquiring company in order to properly value the worth of the acquirer's securities. In the energy technology sector this can be difficult unless a firm is credentialed in the valuation of technologies that may have excellent future value but little or no current market penetration.

• Sellers need passionate representation and a firm that can access a wide range of potential acquirers.

• Fairness opinions must be researched for comparable valuations and previous transactions in the sector, which often are difficult to access due to the limited number of comparable public companies, significant down round financings, and few publicly disclosed M&A transactions.