The Hidden Licensing Hurdle in Private Equity Alcohol Transactions

Private equity investment in alcohol-related businesses often raises a question that receives far less attention than financing, valuation, or deal structure: who, exactly, will the regulators consider to be an owner? The answer can have significant implications for diligence, transaction structuring, and ultimately the ability of the business to obtain or maintain its alcohol licenses. …

Just Another NDA? Why M&A Confidentiality Agreements Are Different

When it’s time to finally sell your company or if you’re exploring a potential acquisition target, one of the first documents you will encounter is the confidentiality agreement or non-disclosure agreement (“NDA”).  You say to yourself, I’ve seen hundreds of NDA’s (perhaps more) in my day-to-day business, so “I’m fine signing just another NDA!”  However, …