Next time don't wait so long
An enterprise mobility software pioneer since the early 2000s, the company realised that in order to continue on its chosen path it needed to seek an buyer since its existing shareholders and stakeholders had literally "moved on".
Ablona was assigned to help out with the analysis and drive the process along the lines of a fast sale. Together with their multinational management, we developed a 'blueprint' of the ideal candidates with the foundation in our analysis model, HULO Core™. Based on this 'blueprint', Ablona researched and contacted prospective acquirers and supported the eventual negotiations with targets.
However on this occasional time and money ran out and the company in question was declared bankrupt.
Lesson learned: Companies that are in dire straits / seeking an exit, should contact their advisors to start the search for potential acquirers sooner rather than later.