By now, probably everyone that works in M&A or private equity has heard of the concept of a locked box as an alternative to completion accounts (or, in the U.S., “closing accounts”) on a deal. The locked box structure replaces the traditional “completion accounts” mechanism, with its cumbersome process of preparing and agreeing accounts as at the actual completion date and making consideration adjustment payments to reflect any surplus or deficit in the chosen financial metrics, with one where the...
Published by attorneys in Dorsey’s Mergers & Acquisitions practice group, Dorsey Deal Dividends covers the latest legal updates, news, and trends in M&A and other complex corporate transactions.
Our goal is to provide helpful tips and practical resources for M&A and other deals, sharing with our readers the intellectual dividends we have acquired negotiating middle-market transactions in our global corporate practice.
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Dave advises clients on venture financing transactions, mergers and acquisitions, securities filings, and corporate governance matters, including helping clients to form and optimally structure business and investment entities.
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