Recent engagement: Sale of $10mm financing portfolio

Deal summary: Zeppos Rautiola has significant expertise in mergers and acquisitions. A recent matter involved the sale of a financing portfolio, valued at nearly $10 million, to a New York private equity firm.

How ZR helped: ZR has acted as outside General Counsel for this client, which provides financing services for small business transactions, for many years. A buyer approached our client with an interest in purchasing a portfolio of accounts in order to create a steady income stream over the life of the financed accounts.

Initially the deal faced obstacles due to buyer terms but ZR overcame these obstacles during negotiations (including a demand for personal continuing guaranties that was later revoked) and successfully structured the transaction. Further, ZR negotiated and structured the corporate sales structuring, involving a new LLC, $3 million in upfront cash and up to $7 million in additional purchase price over 3 years through an earn-out. In addition, our work included due diligence, deal structuring and tax planning. The transaction was completed on a very timely basis within 30 days.