Ten Oaks’ unique approach to corporate divestitures stemmed from its founders, Matt Magan and Mike Hahn, recognizing that the antiquated approach to corporate carve-out buyouts needed to be supplanted by a Ten Oaks approach that encapsulates the flexibility, speed and certainty that corporate sellers are looking for in a transaction partner.
Buyers who agree to various deal points with the intention of proposing adjustments usually during elongated exclusivity periods
Ten Oaks puts forth bid proposals with terms that we know we can execute upon, and rarely requests exclusivity periods from bid proposal to closing
3-9 month timeline from bid proposal to closing, with a due diligence ‘deep dive’ into each business function
Sub-30 day closing timeline with an exclusive focus on ‘what really matters’ critical path diligence and operationalization items which reduces the pre-closing burden on the corporate seller
Require fulsome list of representations and warranties, exposing corporate seller to meaningful post-closing liabilities over significant time period
Highly targeted indemnification provisions, typically focused on core fundamental representations
Committed funds which typically have a narrow investment mandate that limits transactional flexibility
Our first step in the transaction process is to understand what an ideal outcome looks like for our corporate seller transaction partner, and then build a bespoke approach to the transaction structure accordingly
Primary focus of acquiring standalone businesses with limited corporate carve-out experience
We solely focus on corporate carve-outs and have a fulsome separation and operating team across all functional areas
Episodic investment committee meetings and bureaucratic decision making slow down the closing process and lead to elongated processes with oscillating interest
Our founders have 100% discretion over our investments, so we can react to new information in hours, rather than weeks or months
Buyers simply focused on expense levers, mainly human capital oriented as the path to investment realization
Through our sales operating partner and sales re-hydration strategy, we invest in revenue drivers as opposed to a sole focus on cost levers
We are extremely proud of our group and our approach and are happy to provide references upon request that can speak to our prior transactions.
We can attest that Ten Oaks has been a good partner to work with and their willingness to collaborate and think through issues on both ends of the coin differentiates them from traditional PE.
Ten Oaks was extremely responsive and thoughtful throughout the M&A process.
Ten Oaks moved expeditiously to close over a very short time frame with just readily available information.