Fund Secondary Transactions
Kad
27.09.2023
08:20
Kur
Live on-site classroom - London (karte)
Apraksts
Invest Europe's Fund Secondary Transactions course aims to help private equity and venture capital investors and fund managers to get better acquainted with the process and legal documentation of a secondary transaction from the point of view of the secondary buyer, the secondary seller and the GP.
The following aspects will be covered:
Overview / Economics
- Overview of secondary market
- Types of secondary transactions (single fund interest sale, portfolio sale, GP-led transactions, secondary directs)
- Motivations of sellers and buyers
- Role of fund managers in secondary transactions
Overview of Process and Legal Documentation
- Legal Due Diligence: Transfer restrictions in Fund LPAs
- Typical auction process and closing mechanics
- Overview of typical documentation of secondary transactions (other than SPAs and transfer agreements)
- Transfer Agreements: Typical hot topics in negotiations
Sale and Purchase Agreement
- Overview
- Purchase price clauses
- Case Study: Typical hot topics in negotiations
GP-led Transactions
- Overview
- Types of Transactions
- Case Study: Key Considerations