EMC ACTS ON SALE OF SHARES IN SUCCESFUL MULTI DOLLAR MILLION MEDICAL SUPPLY COMPANY
The commercial team at Eakin McCaffery Cox has recently completed the successful sale for a client of their shareholding in a Sentry Medical Pty Ltd , a major supplier in medical consumables industry to the publically listed EBOS Group Ltd. The value of the transaction exceeded $50m with earn outs to follow.
Fuller detail of the transaction, recently announced on the NZX and ASX, can be found at https://www.nzx.com/announcements/378370
Special Counsel George Halikiotis and Partner Kerry Sidaway headed the team at EMC.
The transaction, which had international aspects, included quickly building a large virtual data room, expeditiously reviewing multiple contracts with largely government customers, negotiating the sale documentation, considering foreign law implications, amending existing contracts with offshore suppliers; securing employment contracts and arranging a new lease of the company’s premises in Sydney.
Our team drew on internal resources which included Mergers and Acquisitions, Intellectual Property Law, Workplace Law, Government Procurement Law and practice and Property Law………… to achieve the results and drew on our Lawyer Associated Worldwide network for assistance offshore in Hong Kong where W K To assisted on some aspects..
Completion was achieved in less than two weeks after exchange of contracts, notwithstanding the challenges posed by the ongoing pandemic.