Succession planning is a critical aspect of managing small, closely held businesses, as the unexpected departure of a key leader can significantly disrupt operations and challenge the business's legal...
Entering into a letter of intent for an office lease agreement? Consult our playbook for valuable key provisions, alternative language provisions, and guidance for both landlords and tenants. Download...
In the complex world of M&A transactions, transition services agreements (TSAs) serve as critical bridges between deal closing and operational independence thus creating stability during organizational...
This practice note covers key legal and regulatory issues to evaluate, questions to ask, and documents to review in medical device or diagnostic technology deals, including M&A, investments, financings...
Bridge loan facilities are short-term loans that are used by borrowers until they are able to secure permanent financing for an acquisition. In the private funds context, private equity funds use bridge financing as a tool to provide the immediate cash necessary to complete transactions in advance of calling capital from fund investors. Many mid-market and large-market mergers and acquisitions require the acquiring party to provide proof of financing to quickly complete a transaction; however, purchasers may have a hard time putting long-term financing in place before closing. An acquirer may thus bridge the gap by obtaining the short-term, or “bridge,” financing necessary to sign a purchase agreement, and then secure long-term financing once the acquisition has been consummated.
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