The three P’s

Three levers decide the outcome. Positioning, Process, Pre-emption.

The idea

Three levers decide the outcome. Positioning, Process, Pre-emption.

Every premium exit we have seen came from the same three levers being pulled deliberately. Positioning decides the category and the place in the range. Process creates competition and protects leverage. Pre-emption finds the problems before a buyer does and controls how they are framed.

Pull one and you improve the outcome. Pull all three and you change it.

Premium exits are not negotiated. They are prepared.
The FNDRS M&A desk

The figure

Three levers around one outcome

Premium exit

PositioningWhich category. Where in the range.
ProcessCompetition. Timing. Leverage.
Pre-emptionFind it first. Frame it first.

Where the levers meet

Positioning and processA strong story needs an audience.
Process and pre-emptionCompetition collapses at the first surprise.
Pre-emption and positioningClean numbers make a premium claim credible.

How to read it

A triangle with three levers at the corners. The exit outcome sits in the middle and is only stable when all three corners hold.

Timing

The time to start the conversation is now

How far out you feel is not the signal. Buyers read the trailing numbers, so time before a sale is room to move them, not a waiting room. A founder with a number in mind may reach it in one sale or in two: a majority stake now, with equity rolled into the buyer’s company for a second sale later. The sale itself, once you sign, runs in four phases.

Read the exit timing window

The sale, signing to the wire

0–0 months

Prepare

Market

Select

Close

Four phases, for a company that is ready. The conversation can start any time before.

An estimate from past engagements, not a commitment.

Start here.