WinStar® Contents

I. Introduction

• Winchester Capital History
• WinStar® Overview

II. Finding Buyers, Sellers and Licensees

• Finding your Target Acquisition
• Executive Summary Report Buyer (Document)
• Seller Universe
• Corporate Sellers
• Private Company Sellers
• Management Buy-out
• Estate and Trusts
• Universities and Research Institutions
• Executive Summary Report Target (Document)
• Buyer Universe
• Private Equity Fund Buyers
• Corporate Buyers
• SPACs
• Activists
• Other Forms of Mergers and Business Combinations

III. Getting Underway - Starting the Process

• Prior to Sale Process
• Transaction Execution Timetable (Document)

IV. Regulatory

• U.S. Anti-Trust Approvals
• CFIUS
• UK Anti-Trust Approvals
• EU Approvals

V. Valuation

• Comparable Trading Public Company Valuation
• Precedent Transaction Valuation Method
• Discount Cash Flow Valuation Method
• Steps to Discount Cash Flow Analysis
• Acquisition Financing
• Importance of Accounting Statements
• Financial Accounting for Mergers & Acquisitions:
• US Standard
• International Standard

VI. Beginning the Sale Process

• Contact letter (Document)
• Teaser Template (Document)
• NDA (Document)
• The Process Letter (Document)
• The Art of Due Diligence
• Due Diligence List (Document)

VII. The Importance of the Electronic Data Room

• The Importance of the EDR
• Data Room Table of Contents (Document)
• Progressive Release of Data Room Documents

VIII. Completing the Sale Process

• The Sales Presentation
• Sample Presentation Template (Document)
• The Non-Binding Offer
• Non-binding LOI (Document)
• Confirmatory Diligence
• Normalized Working Capital
• The Purchase and Sales Agreement
• Stock Purchase Agreement (Document)
• License Agreement
• License Agreement (Document)
• The Closing Process
• The Press Release
• Press Release (Document)

IX. Strategy and Consultation

• Executive Session Units

X. Webinars

XI. M&A Insights Publication