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Special Situations · Perspective

When a Partial Exit Makes More Sense Than a Full Sale

November 30, 2025 · 6 min read

A full sale is often assumed to be the default answer to a liquidity need. It rarely is. A shareholder who wants liquidity while the business still has room to grow may be better served by a partial exit, a recapitalisation or a new minority investor — structures a full sale process is not designed to surface.

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