How should I respond to an unsolicited offer?

Receiving an unsolicited offer can be both flattering and a significant indicator of your business's value. Initially, it's essential to review the offer with a critical eye, considering its seriousness and the credibility of the buyer. Engage your advisory team, including your investment banker and legal counsel, to evaluate the offer's terms and its alignment with your business goals. An unsolicited offer can sometimes serve as a catalyst to explore a sale more broadly, but it should be approached with caution. Use it as an opportunity to assess your company's market position and potential interest from other buyers, ensuring that any decision to engage further is made with a comprehensive understanding of your options and the potential impact on your business.