What is a “Controlled Auction” in a Sell-Side M&A Process?

A controlled auction is a powerful tool for sellers seeking to maximize value and achieve a successful M&A transaction. By carefully selecting a targeted buyer pool, maintaining strict confidentiality, and structuring a competitive bidding process, sellers can increase their chances of achieving a favorable outcome. Understanding the nuances of this process, alongside its potential drawbacks, is crucial for making informed decisions and navigating the complexities of the sell-side M&A landscape.