Our firm was retained as special counsel to advise a Vancouver based manufacturer and distributor in connection with the sale of the enterprise to a New York based public company. The buyer had built its enterprise by acquiring a number of brands and had experienced teams of lawyers and investment advisors involved in the transaction.
We worked with the vendor to negotiate the preliminary structure, including a sale component, the terms of continued employment in the business for the two principals and a complex earn out bonus, involving, in total consideration in excess of $50 million. Our work with the vendor representatives involved ensuring the appropriate documentation and disclosure of all aspects of their operations, in Canada, the US and the far East, obtaining foreign reviews and opinions on matters at risk, including intellectual property and foreign joint ventures.
As all parties wished to conclude matters as quickly as possible, the entire transaction, from first retainer to closing, was completed over a very short period. Our partners, associates, paralegals and other staff worked together with the representatives of the business and purchaser’s counsel in an efficient, cost effective way, to achieve a successful outcome for the vendor group.