Session 1: Exit avenues in the current difficult market
- Absenteeism of IPOs - Tough time exiting expensive and old portfolio firms
- Secondary deals as the exit option
- Case study on some recent exits – Challenges & Scope
Session 2: M&A- An Exit Option
- Key Steps and Planning Requirement
- Practical Issues and Realities
- Case Study
Session 3: The Exit Process : Technicalities & Practicalities
- How much can you sell?
- Due Diligence
- Valuation methodologies
- What can you do now to increase the value?
- Who are the buyers?
- Timing Your Exit
Session 4: Tax Efficiency in Exit Process
- Structuring the Entry – Efficiency in structuring at the time of Investment to maximize returns on Exit
- Tax Planning & Issues
- Withholding tax obligation and current market practice
- Alternate structures to deal with withholding tax issues
- Tax indemnities and Insurance
Session 5: Transactional Risk Solutions – an alternative to transfer your representation and warranties risk in today’s M&A environment
- Introduction to transactional risk solutions
- Application of the solution
- Process of putting in place the solution
- Legal issues related to exits and pitfalls
- Enforceability of Exit Clauses in SHAs,
- Regulatory issues in Exit
- Enforcement of Liquidation preference
- Escrow and indemnities