US Counsel to UK Selling Shareholders in Acquisition of UK Company
Acted as US counsel to the UK selling shareholders of a UK specialist provider of corporate secretarial governance, accounting and tax advisory services. A US private equity sponsored holding company acquired the UK company with payment taking the form of a combination of cash, rollover equity in the US holding company, and earnout consideration. Herrick advised on and negotiated key transaction documents addressing the US-centric rollover stock purchase and provided counsel regarding incentive compensation under a phantom equity incentive stock purchase plan and award agreements.