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Firm Represents Client Directview Holdings, Inc. in Negotiation and Restructuring of $9,000,000 of Debt, Potentially Cancelling $6,000,000 of Debt

October 15, 2019

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Firm Successfully Represents Private Equity Fund Client in the Purchase and Sale of Aerospace Company for $12.5 Million

August 7, 2019

The Firm announces that it has successfully represented its client, a London-based private equity fund (the "Fund"), in the purchase and sale of a California-based aerospace company for $12.5 million.   

 

The Fund sold 100% of its  preferred and common membership units in exchange for a $2 million cash payment and a promissory note for $8.5 million, as well as a profit-sharing percentage, dependent on the company exceeding agreed-upon performance projections during an eight year period.  The Fund utilized its Secured Redeemable Preference shares as the security for the $2 million cash payment. These shares carry a 12% dividend and a 12% redemption premium.  The promissory note is to be paid over the same eight years as the potential profit sharing, which will be based on the company exceeding annual targeted EBITDA . 

 

The Firm served as lead counsel and prepared all transaction documents, including, but not limited to, a Membership Interest Purchase Agreement, an Amended and Restated Limited Liability Company Agreement, a Secured Promissory Note, and multiple Security Agreements.

 

 

 

 

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