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Mike Adhikari

Mike Adhikari has 30+ years of experience as a Mergers and Acquisitions (M&A) Advisor and in business valuation for private and public companies.


Mr. Adhikari is president and owner of Illinois Corporate Investments, Inc. Illinois Corporate provides sell-side M&A services to the lower middle market, and produce line/division carve-outs of large corporations. Illinois Corporate also provides buy-side M&A services to private and public companies. Completed transactions range from $1 million to $200 million in transaction value. Its clients are in manufacturing, distribution and service industries for products and services in consumer, industrial, healthcare, low-tech and high-tech sectors.


Mr. Adhikari is also a developer of Business ValueXpress (BVX), a valuation software for “Transaction Valuation”. BVX is an interactive tool for what-if analysis to help management decisions. BVX advances Discounted Cash Flow (DCF) method to a new level by integrating income statement, balance sheet, deal structure, availability of debt and equity capital, debt service, and organization type. Through optimization, BVX maximizes value for the seller, and minimizes equity for the buyer. BVX is used by M&A advisors, Investment bankers, appraisers, accountants, consultants, exit planners and buyers.


Mr. Adhikari teaches “Transaction Valuation” in the CM&AA (Certified M&A Advisor) credentialing program. He was adjunct professor, teaching M&A, for 15+ years in the Entrepreneurial Finance class of the MBA program at the Kellogg Business School of the Northwestern University.


Mr. Adhikari is active in many trade associations and non-profit organizations, generally at the board level. He is President of the board of advisors of AM&AA since 2007 (AM&AA - Alliance of M&A Advisors - is a trade association of 1000+ deal makers from around the world), past board member and president of MBBI (Midwest Business Brokers & Intermediaries association), past Chair of M&A Source Education committee, past board member of IBBA, and a member of FEI and ACG.