Other Closing Documentation
- 01:26
Describes the various other legal and administrative documents that are needed to get the deal over the finish line.
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LBOs M&A Private Equity Transaction ServicesTranscript
other closing documentation other documentation that form part of the closing agreements and filings are regulatory filings such as ownership change registration of legal entities filing with tax authorities.
Antitrust filings if the company is mid or large size. This approval is given by authorities after verifying that there are no competition issues arising from the P firm taking over a company and combining it with other interests. They may own in the same industry.
Board approvals and related documentation are needed to allow for funds to flow from legal entities as per the completion mechanism in the spa.
Receipts and records of fun flow transactions are important to be kept and often needed for filing purposes mentioned above.
Certificates such as certificates of good standing share certificates and other accounting or legal related documents with regards to legal entities being acquired or used to acquire the target are often needed to be created exchanged or filed all closing documents together with the SBA will be put into a closing pack or deal Bible which will be archived by the PE firms lawyers or the company's Council for future need and reference.