Sell-side M&A — run a controlled process, close on your terms

Selling a business is often the single most consequential commercial decision a promoter will make. Transique’s sell-side advisory practice is built to give that decision the process discipline, competitive tension and negotiating firepower it deserves. We run confidential auctions, curated short-list processes and bilateral negotiations — choosing the right structure for the specific situation, not the default.

Our goal on sell-side is simple: the right buyer, the right price, the right structure — closed on your terms.

When you need us
  • You are considering a full or partial exit — to a strategic, to a PE or AIF, or to a family office.
  • You have received an unsolicited offer and want to benchmark, create competitive tension, or negotiate from a position of strength.
  • You are a PE fund running a portfolio exit — auction or bilateral.
  • You are carving out a division, joint venture or geography and need a tailored process.
  • You are in a succession-driven transition and need advisor-led buyer identification with absolute confidentiality.
  • You are pursuing a cross-border exit and need an Indian-side deal leader.
What we deliver
  • Exit-readiness review — value drivers, risk flags, valuation-gap areas, pre-transaction remediation.
  • Positioning — the investor memorandum and data-room architecture that will stand up to deep-dive diligence.
  • Buyer universe mapping — strategic, financial and opportunistic buyers — domestic and international.
  • Process design — confidential auction, curated short-list or bilateral — with defined stage gates.
  • Valuation analytics — DCF, comparable transactions, LBO and synergy-adjusted frameworks.
  • Term-sheet and SPA negotiation — reps, warranties, indemnities, earn-outs, escrow, non-compete.
  • Vendor due diligence coordination where appropriate to shorten buyer-side diligence.
  • Closure — CPs, completion accounts / locked-box, post-closing obligations.
Our approach
  • Readiness. A written exit-readiness diagnostic; remediation of 3–6 items that will materially improve proceeds.
  • Universe mapping. Construct the buyer universe — typically 20-25 names — across strategic, financial and opportunistic tiers.
  • Materials. Teaser, investor memorandum, data room, management-presentation deck — all built on the same narrative spine.
  • Process launch. Calibrated outreach with staggered disclosure (teaser → NDA → IM → management meeting → indicative offer).
  • Indicative offers. Analyse on price, structure, conditions, certainty, and cultural fit — shortlist 3–6.
  • Diligence. Data-room opening; manage workstreams; protect the process calendar.
  • Best-and-final. Drive binding-offer stage with discipline; preserve two credible bidders until SPA signing.
  • SPA negotiation. Senior-led redline process — reps, indemnities, earn-outs, MAC, non-compete.
  • Closure. CPs, regulatory approvals, completion, post-closing escrow management.
Why mid-market teams choose Transique for this mandate
  • Partner-led process management. The partner in the first meeting is the partner in the closing negotiation.
  • Disciplined process design. Auction, short-list, or bilateral — chosen on evidence, not habit.
  • Integrated legal team. SPA and SHA drafting and negotiation happen in-house, reducing documentation drift.
  • Cross-border fluency. Outbound Indian sell-sides to global strategics are routine, not exceptional.
Representative engagements

Client/s

Location

Engagement type

Sector/s

Enconsys

Gurugram

Sell Side – Transaction Advisory

Industrial Automation

Prayogik Technologies

Bhopal

Buy Side – Transaction Advisory

Thermo electric module

Megashop

Delhi

Sell Side – Transaction Advisory; Valuation; Legal Documentation

Retail

Frequently asked questions

How do you decide between auction, short-list and bilateral processes?

Auction (15–30 buyers) maximises price for well-documented, cleanly-scoped businesses where confidentiality is manageable. Short-list (5–10 buyers) trades some price-discovery for speed and discretion. Bilateral is right when there is a specific strategic buyer with unique synergy value, or when confidentiality is paramount. The right choice depends on the situation; we build a written rationale for the recommendation.

How do you protect confidentiality during a sell-side?

Sequenced disclosure: a code-named teaser before any names are shared; NDAs executed before the information memorandum is released; controlled data-room access with individual user logs; restricted management meetings; clear protocols for employees and customers. Confidentiality breaches in sell-side processes almost always trace back to one or two predictable failure points — we design the process to close those gaps.

Do you prepare vendor due diligence reports?

Yes, where it adds value. Vendor DD is useful in competitive auctions because it speeds buyer diligence and reduces the inevitable price-chip risk. It is less useful in bilateral processes. We produce financial and commercial VDD internally and coordinate legal and tax VDD with external firms where required.

What is the typical timeline for a sell-side mandate?

Well-run sell-sides close in six to ten months from kick-off. Readiness and materials take 6–10 weeks; active marketing 8–12 weeks; diligence 8–12 weeks; documentation and closure 6–10 weeks. Complex structures (carve-outs, cross-border, regulated sectors) add 2–4 months.

How do you advise on partial vs full exits?

The answer depends on the promoter’s post-exit role, the buyer’s risk appetite, and the business’s growth narrative. Partial exits (40–70%) keep the promoter incentivised and often attract better PE terms; full exits (100%) are preferred by strategics with post-deal integration plans. We advise on the structural trade-offs before the buyer universe is approached — not after.

Ready to Unlock Your Business Value?

At Transique Corporate Advisors, we specialise in guiding business owners, promoters, and CFOs through the SME IPO journey — from valuation to listing and beyond.

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