Davis Polk partner and Europe practice head Will Pearce, partner Gordon Milne and counsel William Tong authored “Achieving a successful exit through an auction process in today’s market” in Financier Worldwide. In the article, they discuss the steps that private equity fund sellers can take to put themselves in the best possible position to successfully sell a portfolio company via an auction process.

They note that careful planning, a comprehensive understanding of the existing business and the motivations of its management team, and awareness of the perspectives of the potential buyers of the business are all crucial for a successful exit.

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