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Partner Sylvie Gadant is quoted in Forbes on Three Mistakes to Avoid When Prepping Your Business For Sale

January 3, 2016
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Transaction Advisory Services (TAS) practice leader and partner Sylvie Gadant is quoted in a Forbes article titled "Prepping Your Business For Sale: A Transaction Advisor On Three Mistakes To Avoid." 

“There’s plenty of money looking to buy companies,” says Sylvie Gadant a partner at Citrin Cooperman, and head of the firm’s transaction advisory services. “If you’re a business owner looking to sell, it’s a good time, and that’s true for every industry. We’ve seen it in consumer products, apparel and retail. It’s not just tech. Valuation multiples are very generous.”

Forgetting to take taxes into account. Gadant has worked on a number of transactions where sellers didn’t pay attention to the tax ramifications of the sale – and once they realized what those after-tax proceeds would be, they freaked out. “The day before the close, they sit down with their advisor and say, ‘This is not enough money for me to retire,’ and then they back out,” she says.

To read the full article, please click here