Wes Brown and Samantha Chapman successfully completed the negotiation and sale of a large minority interest in a substantial manufacturing company in a cash transaction. This closing was the last chapter of a large corporate transaction which started in 2011 with the sale of the business to private equity interests, in which the minority retained a large stake, which has now been sold.
During the month, Samantha Chapman also completed the negotiation and sale of shares to our client’s competitor. The deal included a reverse earn-out as part of the price, payable over 2 years.
We are also pleased that on April 19, Laila Parvez gave birth to her second child, Jonas Liam, and both are well. We look forward to Laila’s return to full-time practice in a few months.