During March and April 2015, we provided important advice and input to one of our clients in the financial services industry, in relation to an important corporate transaction in which they were involved.
Broadly, the transaction involved the review and negotiation of back-to-back agreements relating to (a) the sale, by certain of the existing shareholders in the financial services business, of their majority equity stake to a subsidiary of Sanlam for a total of R8mn; (b) the purchase, from the subsidiary of Sanlam, by the remaining shareholders of a large equity stake such that the remaining shareholders obtained a controlling interest in the company; and (c) the entry by the remaining shareholders and the subsidiary of Sanlam into a comprehensive Shareholders' Agreement.
For more information about Taylor Attorneys, our specific areas of specialisation and the other areas in which we will be able to assist you or your business, please click on the link to our Services.
Broadly, the transaction involved the review and negotiation of back-to-back agreements relating to (a) the sale, by certain of the existing shareholders in the financial services business, of their majority equity stake to a subsidiary of Sanlam for a total of R8mn; (b) the purchase, from the subsidiary of Sanlam, by the remaining shareholders of a large equity stake such that the remaining shareholders obtained a controlling interest in the company; and (c) the entry by the remaining shareholders and the subsidiary of Sanlam into a comprehensive Shareholders' Agreement.
For more information about Taylor Attorneys, our specific areas of specialisation and the other areas in which we will be able to assist you or your business, please click on the link to our Services.
RSS Feed
