The MHW Comparative Advantage

PUBLICATIONS

October 9, 2026
Who Is Buying? Strategic Buyers vs. Private Equity: A Guide for Selling Founders
Who Is Buying? Strategic Buyers vs. Private Equity: A Guide for Selling Founders
Throughout The Exit Series, we have defined an exit as giving up a majority or controlling interest in the business, even when the owner remains involved. Earlier articles focused on the form an exit can take. This one focuses on the buyer, because who sits across the table can affect not only price, but how...
October 5, 2026
Warning Signs When Considering a Business Partner
Warning Signs When Considering a Business Partner
Entering a business partnership or joint venture is often compared to marriage. At first, enthusiasm runs high. Each person sees complementary skills, shared ambitions, and the value they might create together. A well-drafted agreement is indispensable. It defines contributions, authority, voting rights, financial controls, and a path through deadlock, departure, disability, or dispute. But legal...
September 21, 2026
Warning Signs: Evaluating an Outside Investor
Warning Signs: Evaluating an Outside Investor
A commercial banker friend of mine likes to say, “All money is green.” That may be true of commercial banks, but it is not the case with private capital investors. Taking on an outside investor, whether a venture capital fund, growth equity investor, private equity sponsor, strategic investor, or family office, is far more than...