The Problem
IP SolutionsInternational Limited (IPSI) is a full stack Australian fintech company based in Sydney which went through a restructure and now holds shares in the operating company together with private equity.
JNP Legal assisted IPSI to restructure its business ahead of an investment by private equity and also assisted with the investment process.
IPSI required legal expertise which was able to assist a relatively small business transact with a larger, more sophisticated investor. IPSI also needed assistance in navigating and managing the multiple components of the transaction.
The directors of IPSI also require ongoing legal support as issues arise.
The Solution
JNP Legal drafted and negotiated an extensive range of legal and corporate governance documentation including the transfer of assets as part of a restructure, converting and redeeming convertible notes, negotiating a new constitution/shareholders agreement, documenting a bare trust structure, considering various equity securities and debt instruments, as well as associated resolutions.
The transactions required JNP Legal to take a project management approach to ensure all stakeholders (e.g. shareholders, note holders and option holders, directors, company accountant), remained informed and documents were reviewed, negotiated and executed effectively and efficiently.
JNP Legal provides the board with guidance and advice on a range of transactional and corporate governance issues.
JNP Legal worked tirelessly to manage the complex, and often changing transaction, and ensure that the legal documentation married with our expected outcomes.
Michael Donoghue, Director, IP Solutions International Limited
The Outcome
The various steps in the transaction were completed in a timely manner, sufficiently documented and achieved the outcome required by the company.
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