LOI verbiage for equity roll-over?

by a searcher

3 years ago

Wondering if anyone could share an example of an LOI or verbiage in an LOI where the seller rolls over the equity###-###-#### %) in an asset sale. How is this accomplished structurally and contractually?

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10 comments

investor from Columbia University

DM me.

8 months ago | like reply | 0 likes

investor from The University of Chicago - Booth School of Business

The roll is typically pari passu as it pertains to economics. From the perspective of shareholder / member rights under the operating agreement - the rolled sellers are second class citizens, no different than all of the junior equity providers (hard cash or sweat equity).

3 years ago | like reply | 0 likes

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