Definition

A contractual provision in an acquisition where a portion of the purchase price is contingent on the acquired company achieving specified performance targets post-completion. Earnouts bridge valuation gaps between buyer and seller expectations.

Related Terms

Earnback Period EBITDA EBITDA Margin Economic Obsolescence Economic Value Added (EVA)

Related FAQ

What are earnouts and how do they affect deal pricing?

Earnouts are contingent payments in M&A: the seller receives additional payment if the acquired company hits post-acquisition targets (revenue, profit, retention).

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What is an earnout and why do acquirers use them?

An earnout is contingent consideration in M&A where the seller receives additional payments if the acquired company hits post-close performance milestones (revenue, EBITDA, retention).

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