Friday, December 7, 2007


In case you didn't know, I work for a buyside advisor to private equity funds. We basically search for private companies for funds to buy. The tell us what they like, we go find it and find out if these companies are interested in talking. If the fund buys the company, we get a fee, and I get a peice of that fee.

Last year we signed up a deal under Letter Of Intent. That meant that the fund intended to buy the company, and at that point the lawyers and accountants work to verify all the financial information. The deal was set to close in November.

But there was a complication it was pushed off. Again and again and again. Today it closed. over a year later than the original close date. Now I get to decide what to do with the bonus.

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