How Does TDG Stack Up Against Other Potential Acquirers?

	TDG	Traditional Private Equity	Typical Strategic Buyer
Investment Objective	Long Term Growth in Earnings/ Value	IRR	Create Synergies, Improve Earnings
Willingness to Preserve Management’s Operating Autonomy /Entrepreneurial Spirit	High	High	Low
Opportunity for Management Equity Position in Sold Company	High	High	Low
Flexibility in Structuring a Transaction Customized to Managers/Owners Needs	High	Low	Low
Ability to Provide Operating Resources	High	Low	High
Holding Period	Long	Short	Long
Decision-Making	Fast	?	Slow
Potential for Sellers to Remain Invested in Business after Sale	High	Low	Low
Importance of Placing Maximum Leverage on Business	Low	High	?
Focus on Organizational Development/ Concern for the Employee	High	?	?