{
 "name": "Exitvo Deal Terms Frequency",
 "title": "Deal Terms Frequency",
 "url": "https://exitvo.com/datasets/deal-terms-frequency/",
 "csv": "https://exitvo.com/datasets/deal-terms-frequency.csv",
 "markdown": "https://exitvo.com/datasets/deal-terms-frequency/index.md",
 "computed_at": "2026-10-19",
 "license": "https://exitvo.com/terms",
 "headline": "The Deal Terms Frequency carries 3 published figures read from 2 sources' own pages, from 1 to 10 percent, read 12 September 2026.",
 "quotes": [
  "The Deal Terms Frequency carries 3 published figures read from 2 sources' own pages, from 1 to 10 percent, read 12 September 2026.",
  "2 of the 12 named sources read in full publish a figure; 10 publish none, read 12 September 2026.",
  "Deal Terms Frequency, term ppa-escrow-median: median 1 percent across 1 source, read 12 September 2026.",
  "Deal Terms Frequency, term escrow-non-rwi-median: median 10 percent across 1 source, read 12 September 2026.",
  "Deal Terms Frequency, term escrow-rwi-median: median 2.80 percent across 1 source, read 12 September 2026."
 ],
 "citation": "\"Exitvo Deal Terms Frequency\", updated 2026-10-19, https://exitvo.com/datasets/deal-terms-frequency/.",
 "changed_since": null,
 "national": {
  "unit": "%",
  "n": 3,
  "median": 2.8,
  "min": 1,
  "max": 10,
  "p25": 1,
  "p75": 10,
  "mean": 4.6,
  "units": {
   "%": 3
  },
  "published_sources": 2,
  "named_sources": 13,
  "read_sources": 12,
  "not_published": 10,
  "published_share": 0.167
 },
 "by_axis": {
  "term": {
   "ppa-escrow-median": {
    "%": {
     "n": 1,
     "median": 1,
     "min": 1,
     "max": 1,
     "p25": 1,
     "p75": 1,
     "mean": 1
    }
   },
   "escrow-non-rwi-median": {
    "%": {
     "n": 1,
     "median": 10,
     "min": 10,
     "max": 10,
     "p25": 10,
     "p75": 10,
     "mean": 10
    }
   },
   "escrow-rwi-median": {
    "%": {
     "n": 1,
     "median": 2.8,
     "min": 2.8,
     "max": 2.8,
     "p25": 2.8,
     "p75": 2.8,
     "mean": 2.8
    }
   }
  }
 },
 "rows": [
  {
   "source": "SRS Acquiom: M&A deals key trends",
   "url": "https://www.srsacquiom.com/our-insights/ma-deals/",
   "figure": "1%",
   "value": 1,
   "unit": "%",
   "vat": null,
   "axis": {
    "term": "ppa-escrow-median"
   },
   "retrieved_at": "2026-09-12",
   "quote": "The study also found that the median size of a separate PPA escrow remained at about 1% of the transaction value for the last two years.",
   "source_class": "first-party-index",
   "text_sha256": "68f2600bc34c984ce3aa5ba9cf0c2c0117ce18d00be71d69afde3419e2ac6ea5"
  },
  {
   "source": "DealLawyers: private target deal terms study",
   "url": "https://www.deallawyers.com/blog/2026/04/study-private-target-deal-terms-10.html",
   "figure": "10.0%",
   "value": 10,
   "unit": "%",
   "vat": null,
   "axis": {
    "term": "escrow-non-rwi-median"
   },
   "retrieved_at": "2026-09-12",
   "quote": "For non-RWI deals, the average amount of all escrows was 12.1% of transaction value while the median was 10.0%.",
   "source_class": "secondary",
   "text_sha256": "fa2f1b46c51ecd7b6bb8191c105ec749c1ad1023f9bcc981c16067ce6952126f"
  },
  {
   "source": "DealLawyers: private target deal terms study",
   "url": "https://www.deallawyers.com/blog/2026/04/study-private-target-deal-terms-10.html",
   "figure": "2.8%",
   "value": 2.8,
   "unit": "%",
   "vat": null,
   "axis": {
    "term": "escrow-rwi-median"
   },
   "retrieved_at": "2026-09-12",
   "quote": "For deals with RWI, the average was 5.1% of transaction value and the median was 2.8%.",
   "source_class": "secondary",
   "text_sha256": "fa2f1b46c51ecd7b6bb8191c105ec749c1ad1023f9bcc981c16067ce6952126f"
  }
 ],
 "not_published": [
  {
   "source": "SRS Acquiom M&A Deal Terms Study",
   "url": "https://www.srsacquiom.com/our-insights/deal-terms-study/",
   "retrieved_at": "2026-09-12",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "SRS Acquiom: M&A escrow statistics",
   "url": "https://www.srsacquiom.com/our-insights/ma-escrows-statistics/",
   "retrieved_at": "2026-09-12",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "SRS Acquiom: key findings from the 2026 Deal Terms Study",
   "url": "https://www.srsacquiom.com/our-insights/deal-terms-study-key-findings/",
   "retrieved_at": "2026-09-12",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "SRS Acquiom: deal terms analysis",
   "url": "https://www.srsacquiom.com/our-insights/deal-terms-analysis/",
   "retrieved_at": "2026-09-12",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "SEC EDGAR full-text search: letter of intent in 8-K exhibits",
   "url": "https://efts.sec.gov/LATEST/search-index?q=%22letter+of+intent%22&forms=8-K",
   "retrieved_at": "2026-09-12",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "SEC EDGAR full-text search API",
   "url": "https://efts.sec.gov/LATEST/search-index?q=test",
   "retrieved_at": "2026-09-12",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "SEC EDGAR full-text search",
   "url": "https://www.sec.gov/edgar/search/",
   "retrieved_at": "2026-10-11",
   "reason": "read in full and no accepted figure on the page"
  },
  {
   "source": "CT Acquisitions: rep and warranty insurance guide",
   "url": "https://ctacquisitions.com/rep-and-warranty-insurance/",
   "retrieved_at": "2026-09-12",
   "reason": "every candidate on the page was refused"
  },
  {
   "source": "CT Acquisitions: RWI carrier comparison 2024-2026",
   "url": "https://ctacquisitions.com/guides/rw-insurance-carrier-comparison-2024-2026/",
   "retrieved_at": "2026-09-12",
   "reason": "every candidate on the page was refused"
  },
  {
   "source": "Fasken: key takeaways from the SRS Acquiom 2026 study",
   "url": "https://www.fasken.com/en/knowledge/2026/05/private-ma-deal-trends-to-watch-key-takeaways-from-srs-acquioms-2026-study",
   "retrieved_at": "2026-09-12",
   "reason": "every candidate on the page was refused"
  }
 ],
 "sources": [
  {
   "url": "https://www.srsacquiom.com/our-insights/deal-terms-study/",
   "label": "SRS Acquiom M&A Deal Terms Study",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://www.srsacquiom.com/our-insights/ma-escrows-statistics/",
   "label": "SRS Acquiom: M&A escrow statistics",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://www.srsacquiom.com/our-insights/deal-terms-study-key-findings/",
   "label": "SRS Acquiom: key findings from the 2026 Deal Terms Study",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://www.srsacquiom.com/our-insights/ma-deals/",
   "label": "SRS Acquiom: M&A deals key trends",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://www.srsacquiom.com/our-insights/deal-terms-analysis/",
   "label": "SRS Acquiom: deal terms analysis",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://efts.sec.gov/LATEST/search-index?q=%22letter+of+intent%22&forms=8-K",
   "label": "SEC EDGAR full-text search: letter of intent in 8-K exhibits",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://efts.sec.gov/LATEST/search-index?q=test",
   "label": "SEC EDGAR full-text search API",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://www.sec.gov/edgar/search/",
   "label": "SEC EDGAR full-text search",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://ctacquisitions.com/rep-and-warranty-insurance/",
   "label": "CT Acquisitions: rep and warranty insurance guide",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://ctacquisitions.com/guides/rw-insurance-carrier-comparison-2024-2026/",
   "label": "CT Acquisitions: RWI carrier comparison 2024-2026",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://www.deallawyers.com/blog/2026/04/study-private-target-deal-terms-10.html",
   "label": "DealLawyers: private target deal terms study",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://www.fasken.com/en/knowledge/2026/05/private-ma-deal-trends-to-watch-key-takeaways-from-srs-acquioms-2026-study",
   "label": "Fasken: key takeaways from the SRS Acquiom 2026 study",
   "license": "the publisher's own terms; quoted for reporting and comment"
  },
  {
   "url": "https://www.aon.com/en/insights/reports/global-insurance-market-insights/q1-2026-overview",
   "label": "Aon: Q1 2026 global insurance market overview",
   "license": "the publisher's own terms; quoted for reporting and comment"
  }
 ],
 "methodology": "Every row is a verbatim sentence read from the named source's own page through our fetch service on the date shown, hash-pinned to the stored read (the sha of the page's visible text; the raw page is mirrored to R2). 2 of the 12 named sources that could be read published a usable figure; 10 published none and are recorded as not published, never filled in; 1 could not be read (blocked, dead or unreachable) and count nowhere. The headline figures (median, minimum, maximum, quartiles) are over ONE figure per source for each breakdown it prices, in % (a source's median where its page yielded several accepted sentences for one breakdown), so a page that gives figures for several breakdowns gives one for each and N counts 3 figures, never sentences; 34 candidate sentence(s) were refused by a reviewer with the reason recorded. The fuller derivation this dataset is chartered to grow into (not yet what the figures above are; they are each source's own published figure as read): the FREQUENCY and central value of each deal term, counted across every study and filed-exhibit corpus that reports one: the share of private-target deals carrying an earnout and its size, the share with an escrow and the median escrow as a percentage of consideration (split RWI and non-RWI), the share with a seller note, the exclusivity period length, the RWI attachment point and rate on line. Read from the studies AND counted independently from SEC EDGAR's filed purchase-agreement exhibits, so a term's published frequency can be checked against the documents themselves - which no study does, because each counts only its own deal flow.",
 "embed": "<figure style=\"margin:0;padding:16px;border:1px solid #d9d9d9;border-radius:8px;background:#ffffff;color:#111111;font-family:system-ui,sans-serif;max-width:480px\"><p style=\"margin:0 0 8px;font-size:28px;font-weight:700;color:#111111;background:#ffffff\">1 to 10 percent</p><p style=\"margin:0 0 8px;font-size:14px;color:#111111;background:#ffffff\">3 published figures, Deal Terms Frequency, across 2 sources, read 12 September 2026</p><figcaption style=\"font-size:12px;color:#444444;background:#ffffff\"><a href=\"https://exitvo.com/datasets/deal-terms-frequency/#median\" style=\"color:#1a4fd6;background:#ffffff\">Source: Exitvo Deal Terms Frequency</a></figcaption></figure>"
}
