Series 79 · Mergers and Acquisitions, Tender Offers and Financial Restructuring · Free Lesson

M&A: Sell-Side and Buy-Side Processes

Free FINRA Series 79 (Investment Banking Representative) lesson in Mergers and Acquisitions, Tender Offers and Financial Restructuring. 15 min read, ~2,195 words.

The relationship opens with the engagement letter. You negotiate the fee (a retainer plus a success fee, often a percentage of deal value), the scope, exclusivity, the term, indemnification, and a tail period that pays the bank if the client closes with an introduced buyer after the engagement ends.

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