Lucosky Brookman LLP acted as lead counsel to its client, a London based private equity fund, in connection with the purchase and sale of a California based aerospace company for $12,500,000. The private equity fund sold 100% of its preferred and common membership units in the company in exchange for a $2,000,000 cash payment and a promissory note for $8,500,000, as well as a profit-sharing percentage, dependent on the company exceeding agreed-upon performance projection during an eight year period. Lucosky Brookman LLP 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.
