Shareholder Representative Services – The Smart Way to Exit
Most sales of privately-held companies require someone to serve as the representative of the shareholders following closing. Nobody wants to do it, but someone reluctantly agrees in order to get the deal closed. Being the shareholder representative is a chore. It involves communicating with institutional and employee shareholders, reconciling escrow accounts, investigating claims and navigating litigation, and accounting for expense, claim and interest allocations. These are all distractions that expose the individual serving as the representative to legal and financial risk and detract from what should be the best use of their time – identifying the next deal and managing the rest of their portfolio. Additionally, when disputes do arise, ensuring an optimal outcome for the selling shareholders requires specialized expertise. For all these reasons, several institutional investors approached us to set up SRS. We make the burden and exposure go away while ensuring maximum and timely return of sale proceeds to shareholders.
Latest News
12.11.2008 11.13.2008Mobilygen Appoints SRS as Shareholder Representative in Maxim Acquisition
11.06.2008SRS Appointed Securityholders' Representative in HealthMedia Acquisition
| With the increasing complexity of issues and diversity of interest among stockholders, our board preferred to hire a professional and independent resource to represent the interests of all stockholders during the escrow period. SRS was able to effortlessly integrate into the merger negotiation process and will provide our stockholders with a heightened level of service. |
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| Cynthia Garabedian McAdamFormer VP and General Counsel Postini, Inc. |
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