
Working Capital Adjustment: The Post-Close Surprise
The Check That Arrives After Closing The wire hits the account. The purchase agreement is signed. The attorneys shake hands, the advisors send their invoices,
Transaction analysis, market data, and sell-side process intelligence for founders evaluating or preparing for a liquidity event.

The Check That Arrives After Closing The wire hits the account. The purchase agreement is signed. The attorneys shake hands, the advisors send their invoices,

Seller financing in M&A represents one of the most versatile tools in the dealmaker’s toolkit, yet it remains misunderstood by many business owners approaching a

Private equity buyers rarely write a check for 100% cash at closing. Instead, they structure deals with a blend of cash consideration, debt financing, and

Non-compete agreements serve as critical protective mechanisms in mergers and acquisitions, designed to preserve transaction value by preventing sellers from immediately re-entering the market and

Escrow mechanisms stand as one of the most critical risk allocation tools in mergers and acquisitions. When a buyer acquires a company, the transaction closes

When a business owner sells their company, the transaction rarely ends at signing. Indemnification provisions create a mechanism for buyers to recover losses stemming from

When you’re looking at financial metrics, it’s easy to get lost in the details. EBITDA focuses on operating performance, while net income shows the whole

Subscription businesses often wrestle with picking the best revenue metric to understand their financial health and growth. CARR and ARR both track recurring revenue, but

When business owners decide to sell their company, they face a big decision between two main transaction structures. Asset sales are generally more favorable to

Getting a business valuation is a must if you’re planning to sell, attract investors, or deal with legal stuff. But wow, the price can swing

Selling a business is a huge financial move—maybe the biggest one you’ll ever make. But let’s be honest, most owners have no idea what a

A lot of people mix up fair value and market value, but they’re not actually the same thing. Both pop up in finance and accounting,

By Jeff Barrington, Managing Director · Windsor Drake Valuing a SaaS company is a complex process that depends on several factors influencing its worth. To

Most businesses wonder if they’re really growing revenue from existing customers, or just plugging holes left by churn with new sales. Net revenue retention gets

A lot of business owners get tripped up by the difference between cost of goods sold and regular business expenses when they look at their

Software-as-a-Service companies considering an exit face a fundamental question that shapes deal outcomes, valuation multiples, and transaction timelines: whether to engage SaaS business brokers or
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