Ten Oaks was born out of the frustration of the antiquated and monolithic approach to corporate carve-outs. Mike Hahn and Matt Magan, from different backgrounds had both seen the following common issues of corporate carve-outs and formed Ten Oaks to provide 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 can execute upon, not just attractive terms that look good and get us to the next stage
Longer than six-month timeline to get from LOI to close with a “bottom of the barrel” approach that turns over every stone
30-day closing timeline with a sole focus on critical path diligence items reduces the pre-closing burden on corporate seller
Require fulsome list of representations and warranties, potentially exposing corporate seller to large liabilities over lengthy time periods
Very targeted and bounded indemnification provisions, generally just focused on core fundamental indemnification
Most buyers have raised a fund and have committed to LPs a narrow investment mandate
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
Most buyers focus on acquiring standalone businesses with limited corporate carve-out experience
We solely focus on corporate carve-outs and have equity partnerships with our advisors and third-party providers across each separation and operational functional area
Most buyers convene Investment Committee weekly, so when new information is learned, a common theme across most carve-out processes, buyers are extremely slow to respond
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.