Concord Ventures Principal Makes Joint Presentation at Northwest Family Business Advisers

Bellevue, WA, July, 2011 Salim Dada, principal of Concord Ventures, and James Carney, Vice President at Bernstein Global Wealth Management, made a joint presentation at the July meeting of Northwest Family Business Advisers in Seattle.

Entitled “Anatomy of a Small Business Sale: Management of the Many Twists, Turns and Surprises”, the content was based on Concord Ventures’ experience of selling a machining and fabrication company.

The business owner needed to sell due to poor health. Hurdles to the sale included death of the accountant, environmental issues that had to be resolved, withdrawal of the original buyer (a close relative), and lack of funds on the part of the buyer.

Two banks declined the deal before one accepted. The sale was financed through the Small Business Administration.

Northwest Family Business Advisers is a multi-disciplinary membership organization providing educational and collaborative opportunities for family business professionals in the Seattle Metropolitan Area. Learn more about them at http://www.nwfba.org.

Concord Ventures is a Bellevue-based boutique investment-banking firm specializing in mergers, acquisitions, re-capitalizations, and valuations of established companies. The primary focus of the firm is companies with valuations between $750,000 to $50,000,000 in manufacturing, service, and distribution. For more information, go to https://concordventuresinc.com. Bernstein Global Wealth Management is a major investment management firm. See https://www.alliancebernstein.com

The breakfast meeting was held at the Women’s University Club in downtown Seattle.