Quick and Painless Deal
Fund: DFJ Esprit
Posted by Anonymous on 2008-04-15
Esprit ran a very quick process for our deal - which was USD $10million for them - so a significant chunk of change. It was 81 days (inclusive!) from the day I pitched at their offices to close - including 2 weeks for Christmas in the middle. They did extensive due diligence - bringing in outside folks to really dig under the covers and that was time consuming - but those folks have been very supportive to us in the market subsequently. Esprit were honest and fair but tough - great, I will take that all day long. It has been a good relationship and they are well respected and knowledgeable in the market.
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