Fund: Edgewater Funds
Posted by Anonymous on 2013-04-07
This firm played a lot of games along the way, and ultimately wasted a lot of our time and lawyer money.
They did not hold to the LOI, which we viewed as them not honoring what we agreed to in writing. Retrading appeared to part of their initial pricing strategy irrespective of what was found in due diligence.
They strung us along only to bail near the end.
The main associate on the deal was pleasant to work with, excluding his participation in their game playing. We did not feel the same way about the senior partner on the deal.
They brought in an outside team who would have played a role in our business post-close, and we did like the team they brought in.
Fortunately, after going through this long, unpleasant, and ultimately unproductive process with Edgewater, we found another firm to work with who treated us with the appropriate respect, and that partnership has worked out great.PRIVATE: Members Only