Adam Lezack, co-founder and Managing Director at Fortis Advisors, participated on a panel discussion on Venture Backed M&A during the 2016 ABA Annual Meeting. The panel discussed critical and complex issues that commonly arise in acquisitions of venture-backed companies, including complex waterfalls, the blurring of management incentives with purchase price, disproportionate allocation of indemnity risk among stockholders/stakeholders, dealing with equity incentives, and duties of VC BOD nominees.
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Fortis Advisors is a leading provider of post-closing shareholder representative services. Fortis represents leading Venture and Private Equity funds, and all other types of shareholders, in hundreds of private M&A transactions each year.