$35 Million Sale of Business with Rollover Equity and IP License-Back
Represented a serial entrepreneur in the approximately $35 million sale of a majority stake in a company to a private-equity-backed buyer. The transaction was complicated by a substantial rollover equity stake retained by the seller, a license-back of key assets to an affiliated company, an equity incentive plan for the target’s employees put in place at closing, and the simultaneous unwinding of a joint venture with an international company that controlled relevant intellectual property.
