Our Solutions

Mergers & Acquisitions

Our Mergers & Acquisitions (M&A) advisory solution is designed specifically for technology companies. These companies often deal with complex situations involving strategic partnerships, mergers, and acquisitions.

We make the process seamless while maximizing stakeholder value.

Sell/Buy-Side Advisory
Merger-of-Equals
Divestitures and Spinoffs
LBOs
Chet Kristy talks with two colleagues
"
We worked with David on the sale of our business, Pear Deck. I appreciated how much he really dug into our business at a detailed level and always provided straightforward feedback on the process - never just telling us what we wanted to hear. He had a comprehensive view on the process from start to finish and we knew we were in good hands throughout. We had a terrific outcome and give David a lot of credit for getting us to the finish line.
Anthony Showalter
Co-Founder, Pear Deck

Recaps & Capital Raises

When it comes to Recapitalizations and Capital Raises, our firm specializes in crafting strategic financial solutions for technology enterprises.

Whether seeking growth capital, restructuring existing debts, or optimizing the capital structure, our team develops customized plans to meet specific business objectives.

Minority, 50/50, Majority
Bridge Financing
Growth Capital
MBOs
"
David and Chet demonstrated a deep understanding of our industry and the unique challenges faced by rapidly expanding companies. The insights they brought to the table were instrumental in extracting maximum value from every opportunity amidst the complexities of fundraising. I strongly recommend IKONA to any software company seeking liquidity or growth capital, especially those businesses in high-growth situations.
Robin Alex
Co-Founder, GoHighLevel

Secondaries

We offer innovative liquidity solutions for technology investors and shareholders.

Whether through the sale of existing shares or the facilitation of secondary transactions, we provide a platform for stakeholders to realize value from their investments.

Full & Partial Liquidity
Tender Processes
Direct VC Secondaries
From left, Charlie Penner, David Cho, and Chet Kristy talk while sitting outside on a bench
"
Our client selected David Cho and Chet Kristy to broker a sale of a significant minority interest in the company. A great investment banker earns their keep by guiding the client to the right buyer/investor, helping the client understand what can and can’t be negotiated, serving as a trusted communication channel with the buyer/investor, and making last-minute impediments to closing evaporate though skilled negotiation. David and Chet did all this, resulting in a successful closing and happy client. I look forward to working with them again.
Erich Merrill
Partner, Miller Nash

Our Bespoke Process

We are a full service firm that's here for you every step of the way. From transaction engagement to consummation ("hire-to-wire"), there is no aspect of the deal we aren't leading. Our process framework is flexible to ensure an optimal process despite every deal having unique characteristics.

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Preparation

We construct marketing information and financial analyses that frame the key selling points based on how we believe prospects will best resonate with the opportunity. We also help accrue the right prospect list to ensure we are balancing process confidentiality, speed, and competition.

Launch

We reach out to prospects with introductory information, followed up by several calls with IKONA to qualify their interest. After qualifying interest, we schedule direct calls with management for select prospects and establish a target bid date.

Initial Bids

We collate indications of interest ("IOIs") and review key parameters with you. We then narrow the list down of parties we want to move forward for deeper diligence, which may include opening a virtual dataroom and conducting live meetings with the management team.

Final Bids

We ask for a much more detailed final bid, commonly referred to as a Letter of Intent ("LOI") or Term Sheet. In addition to reviewing LOI terms, we look at the total body of diligence conducted to best assess risk/reward in each prospect (ie valuation vs. closing risk).

Exclusivity and Close

Nothing good happens during exclusivity other than deals closing, so we want this period to be as short as possible.  We are working with you to provide ad-hoc analyses and also continually pushing counterparties to close as quickly as possible. We fully manage all third parties (lawyers, accountants, insurance) and are intimately involved in all key documentation.

Our Principals Have Closed Transactions With

3M
Advent International
Alpine
Amazon
Autodesk
Bain Capital
Bregal Sagemont
Chegg
Deluxe
Emigrant Capital
Endicott Group
Ever Commerce
FTV Capital
Francisco Partners
Frontier Growth
GSP
Gauge Capital
Gi Partners
Go Guardian
Golden Gate Capital
Grey Lion Capital
Gryphon Investors
Insight Partners
Intel
Investcorp
LLR
Lending Tree
Level Equity
Leyaro
MN Real Estate Software
Marlin Equity Partners
Northwest
Pamlico Capital
Peak Equity
Peakspan
Personify
Power School
Primus
Providence Strategic Growth
Quorum
Renaissance
Ridgemont Equity Partners
Rothchild & Co
Securly
Serent Capital
Silver Lake
Sumeru Equity Partners
Summit Partners
TA Associates
Thompson Street
Tritium Partners
TrustArc
Vector Solutions
Vista
We Video
Xplor
Zynga
3M
Advent International
Alpine
Amazon
Autodesk
Bain Capital
Bregal Sagemont
Chegg
Deluxe
Emigrant Capital
Endicott Group
Ever Commerce
FTV Capital
Francisco Partners
Frontier Growth
GSP
Gauge Capital
Gi Partners
Go Guardian
Golden Gate Capital
Grey Lion Capital
Gryphon Investors
Insight Partners
Intel
Investcorp
LLR
Lending Tree
Level Equity
Leyaro
MN Real Estate Software
Marlin Equity Partners
Northwest
Pamlico Capital
Peak Equity
Peakspan
Personify
Power School
Primus
Providence Strategic Growth
Quorum
Renaissance
Ridgemont Equity Partners
Rothchild & Co
Securly
Serent Capital
Silver Lake
Sumeru Equity Partners
Summit Partners
TA Associates
Thompson Street
Tritium Partners
TrustArc
Vector Solutions
Vista
We Video
Xplor
Zynga