1- It really depends: on the urgency, on the size of the company, on the specific synergies. Big deals can be done quickly if we're confident enough in the high level rationale to figure out the details later. But sometimes the details really matter, even in very small deals. Sometimes only a few weeks, sometimes it's an ongoing relationship over multiple years.

2- For every deal we look at a variety of companies in the space, at least two or three, usually more.

Typical no-shops are 60 days, and startup-sized acquisitions can be closed in that period.

A motivated buyer can turn it around in 30 if necessary.