Working Capital Peg

Definition

A target level of net working capital agreed between buyer and seller in an acquisition, used as the basis for post-closing purchase price adjustments. The working capital peg ensures the buyer receives a business with a normalised level of operating liquidity, with adjustments made if actual working capital at closing is above or below the agreed amount.

Related Terms

WACC Build-Up Method Warranty and Indemnity (W&I) Insurance Warranty and Indemnity Insurance Waterfall Distribution Weighted Average Cost of Capital (WACC) Premium

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