Professional Service
Kingsley Napley LLP
Full Credential Description
The founders of this highly innovative tech start-up had already enjoyed considerable success and were now eager to develop and scale their business further. After informal discussions with an established US company, they turned to us to guide them through the entire sale process. As this was a cross-border transaction, it was important to ensure that all parties worked together to ensure the transaction progressed smoothly. Our role included: - clearly explaining to the founders, as first-time sellers, the documentation and commercial risks - leading them through the key processes such as due diligence and disclosure to ensure they were properly protected post-completion. - introducing and liaising with US counsel to ensure proper US law provisions were incorporated in the documentation, imposing obligations on the Sellers to register the consideration shares with the SEC and take the other steps required to remove restrictions on transfer required by US securities law following completion. - negotiating the removal of a proposed gap between exchange and completion, allowing substantially more certainty as to the number of shares the sellers would receive and simplifying the documents leading to costs savings - negot
Measurable Results
Successful sale of UK tech startup to NASDAQ-listed acquirer. Multi-million pound transaction completed with favorable terms and comprehensive warranties.