Working Capital Adjustments and Locked Box Mechanisms in Latin America M&A: What Sellers Need to Know
Working capital adjustments now appear in 90% of private M&A deals, shifting Latin America sale prices by millions. Latin America’s M&A market reached $114.3 billion in 2025, up 16% year over year. Locked box deals fix the price at signing, while completion accounts adjust it after closing based on actual working capital. The Startup VC […]