Like A Champion Podcast | M&A Mastery with Wes Shelton - David Black | Avoid Deal Pitfalls & Learn Sale Must-Haves from an Expert M&A Attorney | Like a Champion Podcast #10

David Black | Avoid Deal Pitfalls & Learn Sale Must-Haves from an Expert M&A Attorney | Like a Champion Podcast #10

02/27/25 • 69 min

Like A Champion Podcast | M&A Mastery with Wes Shelton

Join M&A attorney David Black of Berger Singerman, a seasoned expert with decades of experience, as David shares insider legal strategies that help businesses avoid costly pitfalls when selling. In this must-watch conversation with Wes, David reveals invaluable insights that could transform the way you approach business transactions. Whether you're an entrepreneur or an investor, you won't want to miss the wisdom that can help you navigate the complex world of mergers and acquisitions.

00:00:00 Introduction and Purpose of the Podcast
00:01:18 Dave's Background and Journey into M&A
00:02:24 The Fun and Challenges of Sell-Side M&A
00:04:37 Building the Right Team for a Liquidity Event
00:11:33 The Importance of Specialized M&A Attorneys
00:20:36 Common Deal Killers and Financial Pitfalls
00:31:42 Engaging Advisors Early and Exit Planning
00:35:50 Handling Key Employees and Management During a Sale
00:38:00 Navigating Sign and Close Deals
00:38:31 Managing Employee Communication During M&A
00:41:03 Legal Risks in M&A Transactions
00:42:42 Tax Implications of Asset vs. Stock Sales
00:46:16 Impact of AI on Legal and Business Practices
00:51:56 FTC Ban on Non-Competes: Implications and Opinions
00:55:27 Career Advice for Aspiring M&A Lawyers
01:04:41 Personal Insights and Recommendations

***GET A ONE-ON-ONE, COMPLIMENTARY CONSULTATION with WES***
https://sm2advisors.com/like-a-champion-podcast-request-a-meeting/
***LIKE, SUBSCRIBE & FOLLOW ***
Hear more great stories, actionable M&A tips, and leadership insights from Wes Shelton of SM2 Advisors and his guests.
Sponsored by SM2 Advisors (https://sm2advisors.com)
and Rebel Motor Company (https://www.rebelmotorclub.com)
Produced by DTM Creative Solutions (https://dtmcreativesolutions.com)
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Previous Episode

Tom & Steve Shelton | Building & Selling a Luxury Dealership Dynasty | Like A Champion Podcast #09

This special episode with Steve and Tom Shelton - Wes's father and uncle - explores their history in South Florida with building the number one Ferrari dealership in North America, their love of racing, and the overall experience of building and selling their multiple high-end dealerships across multiple transactions.

Next Episode

Danny Kanell | Coaching Drama, College Football Evolution, FSU, the Dolphins & Sports Broadcasting #11

In this episode of Like A Champion Podcast, Danny Kanell returns to talk with Wes about his broadcasting career, the ever changing landscape of college and professional football, and what kind of car goes best with a turtleneck. They dive into the rapidly changing landscape of college football, from the introduction of NIL deals and the transfer portal to the expansion of the college football playoff. Danny shares insights from his journey as a professional athlete into full-time broadcaster, and reveals his tricks for staying relevant in the competitive sports media world. They also delve into the challenges of balancing sports analysis with family life, the impact of AI on broadcasting, and the evolving role of college football coaches in this new era. Whether you're a fan of college football, sports broadcasting, or the business side of sports, this episode is packed with valuable insights and some behind-the-scenes stories.

Like A Champion Podcast | M&A Mastery with Wes Shelton - David Black | Avoid Deal Pitfalls & Learn Sale Must-Haves from an Expert M&A Attorney | Like a Champion Podcast #10

Transcript

Like a Champion Podcast Ep10 David Black

[00:00:00] Introduction and Purpose of the Podcast

[00:00:00] Dave, thanks for coming in. My pleasure. Like a champion podcast. I think we've been talking about doing this for a while and, all of our great conversations and working together. I respect you a lot as an attorney and I know, This business is one that is high stakes and a lot of cases.

and I think for our clients, it always is high stakes,