This article was co-authored by Richard Hoare and Ryan McMaster. As we enter yet another week of lockdown, some company directors may find themselves casting a nervous eye over their most recent cashflow forecasts and balance sheet and questioning whether there is enough cash to pay all debts as they fall due or whether continuing…
We recently completed a significant deal for one of our valued clients. This deal means that, since mid-2017, we have advised on six mid-market M&A transactions with an aggregate deal value in excess of $150m. In these deals, we have acted both on the buy-side and sell-side. The participants have been local and international, trade…
This article is co-authored by Ryan McMaster and Richard Hoare. The recent Court of Appeal decision of Malthouse Ltd v Rangatira Ltd [2018] NZCA 621 serves to highlight the risks of using earn-out clauses in M&A transactions. What is an ‘Earn-out’ clause? Earn-out clauses are a relatively popular mechanism used in M&A deals as a…
This article is co-authored by Richard Hoare and Ryan McMaster and includes input from our friends at Australian Law firm, Sierra Legal. Sierra Legal was a 2018 Australasian Law Awards finalist for Boutique Firm of the Year https://www.sierralegal.com.au/ What has changed? Last July, Australia made changes to its insolvency laws with the aim of enhancing the…