Strategic Buyer

A buyer seeking benefits such as technology, customers, products, talent, data, distribution, or market access in addition to financial returns.

Gross Merchandise Value

The total value of transactions processed through a marketplace before fees, refunds, and deductions, commonly abbreviated as GMV.

Private Equity

Investment capital used to acquire or invest in privately held companies, often with the aim of increasing value before a future exit.

Succession

The planned transfer of leadership or ownership to a manager, employee, family member, partner, or new owner.