In the feature article of this issue of Owner to Owner, BBH sits down with three companies to discuss the lead-up to the eventual sale or merger of their business, their experiences during the process and the lessons they learned. We look at the stories of Michael Kassan of MediaLink, Don and Steve Follett of Follett Corp. and Tressa Gardner of DeGarA.

In addition, John Secor, Ajit George and Kyle Gordon of our Corporate Advisory & Banking group discuss a key issue faced by family businesses: the difficulty of managing capital and liquidity demands. They zero in on a critical factor of finding the right balance – patient capital – and provide advice on how family businesses can achieve this important objective. Finally, Relationship Manager Reed Smith and Wealth Planner Ali Hutchinson break down the forms of joint property ownership, honing in on tenancy by the entirety and its advantages for business owners.

As always, we review the overall economy, credit markets and private equity and mergers and acquisitions markets.

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