Private Equity Funcast

When And How To Sell Your Company

In this episode, the hosts discuss the complexities of selling a private‑equity‑backed company, covering when to exit, why timing matters, and the role of market conditions, management goals, and fund‑level liquidity needs. They explain the typical five‑year investment horizon, how management team aspirations, debt maturities, and hot market windows (like the 2020‑2021 software boom) can trigger a sale. The conversation also delves into the decision to hire an investment banker versus handling the process in‑house, weighing speed, buyer credibility, and the need for a structured sale process. Guest Ryan Milligan shares real‑world examples from their portfolio, illustrating both strategic and financial buyer scenarios and the importance of aligning exit timing with LP expectations and fund fundraising cycles.