How Thorstein Vestergaard Navigated His First Acquisition
Buying a small manufacturing business in Aalborg taught Thorstein things textbooks never covered. The due diligence took three months longer than expected. Customer contracts weren't as solid as they looked on paper. But he closed the deal and learned what really drives value.
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Expert Perspectives
Birgitta Lindqvist
M&A Advisor, Copenhagen
I've watched too many deals fall apart because buyers skipped the uncomfortable questions. You need to understand why the owner is really selling. Family issues, market problems, operational challenges—these aren't always in the disclosure documents. Ask directly and watch how they respond.
Kasper Damgaard
Business Valuator
The financial statements tell part of the story. Customer concentration tells another part. If three customers represent 60% of revenue, that's not necessarily a problem—but it changes the risk profile and should definitely impact the price you're willing to pay.