3–9 months
Asset Sale
Specific assets are sold (equipment, IP, customer contracts, real estate) rather than the company itself.
When it fits
Parts of the business are valuable but the whole isn't, or the buyer doesn't want the legal entity's liabilities.
African & East African context
Common in manufacturing and agri where machinery and land retain value even when the operating business doesn't.
Cap table impact
Entity may continue or be wound down; shareholders receive net asset proceeds.