Contact
Contact

Exits & Liquidity Events

Liquidity Rights That Still Work Years After They're Negotiated

Averites advises investors, founders, shareholders and companies on the realization of investments through strategic sales, secondary transactions, shareholder and management buyouts, redemptions, contractual liquidity rights and other negotiated exits.

Book a Meeting

OUR APPROACH

How We Advise on Exits and Liquidity Events

  1. Why Exit Outcomes Are Shaped Years in Advance

    An exit strategy is often shaped by rights negotiated years before a liquidity event occurs. Drag-along and tag-along provisions, transfer restrictions, preemptive rights, rights of first refusal, put and call options and investor consent rights can determine whether and how an investor or founder is able to realize value.

  2. Structuring Liquidity Rights From the Start of the Investment

    We therefore consider liquidity and exit from the beginning of the investment relationship and advise clients on structuring rights that remain workable as the business grows and its shareholder base changes.

  3. Strategic and Trade Sales

    For strategic and trade sales, we work closely with our Corporate & M&A practice on transaction structure, due diligence, definitive documentation, regulatory approvals and closing. We also advise minority investors and founders on the exercise of contractual rights affecting the sale process.

  4. Secondary Transactions

    Averites represents investors, founders and employees in secondary transactions involving the transfer of private company securities, including secondary components of new financing rounds and negotiated private-market liquidity arrangements. These transactions may require careful navigation of company approvals, rights of first refusal, co-sale rights, securities-law requirements and existing shareholder arrangements.

  5. Redemptions, Puts and Calls

    We also advise on redemptions, put rights, call arrangements and other contractual mechanisms through which an investor may seek liquidity without a third-party sale. Our work includes interpretation of the relevant rights, valuation mechanics, notice requirements, funding obligations and disputes concerning their exercise.

  6. Preparing for Public Markets

    For businesses considering public markets, we advise on pre-IPO reorganizations, governance, capitalization, shareholder rights and other corporate steps necessary to prepare for a potential offering or listing.

  7. Negotiated and Distressed Exits

    Not every investment performs according to its original expectations. We also advise on negotiated and distressed exits, restructurings, buyouts, enforcement of investor rights and settlements involving underperforming investments.

  8. Cross-Border Exit Considerations

    For cross-border exits, we work with tax and regulatory advisers to address the corporate, tax, foreign exchange and regulatory consequences of transferring ownership and distributing or repatriating proceeds.

contact us

Precision across borders. Book a Meeting

New York c/o Chornous Law PLLC
30 Wall Street, 8 Floor
New York, NY 10005 Phone: +1 650 382 7764
London 124 City Road
London, England
EC1V 2NX Phone: +44 7405 138109
Kyiv 11 Panasa Myrnoho Street
Office 1/1
Kyiv, 01011 Phone: +380 63 148 27 37

Need Help?

Book a Meeting

Start the Conversation

*Required Fields

FAQ

Frequently Asked Questions

  • We advise investors, founders, shareholders and companies on the realization of investments through strategic sales, secondary transactions, shareholder and management buyouts, redemptions, contractual liquidity rights and other negotiated exits.

    • An exit strategy is often shaped by rights negotiated years before a liquidity event occurs. Drag-along and tag-along provisions, transfer restrictions, preemptive rights, rights of first refusal, put and call options and investor consent rights can determine whether and how an investor or founder is able to realize value.

      • At the start. We consider liquidity and exit from the beginning of the investment relationship and advise clients on structuring rights that remain workable as the business grows and its shareholder base changes.

        • Both. For strategic and trade sales, we work closely with our Corporate & M&A practice on transaction structure, due diligence, definitive documentation, regulatory approvals and closing, and also advise minority investors and founders on exercising contractual rights affecting the sale process.

          • Yes. We represent investors, founders and employees in secondary transactions involving the transfer of private company securities, including secondary components of new financing rounds, navigating company approvals, rights of first refusal, co-sale rights, securities-law requirements and existing shareholder arrangements.

            • Yes. We advise on redemptions, put rights, call arrangements and other contractual mechanisms through which an investor may seek liquidity without a third-party sale, including interpretation of the relevant rights, valuation mechanics, notice requirements, funding obligations and disputes concerning their exercise.

              • Yes. For businesses considering public markets, we advise on pre-IPO reorganizations, governance, capitalization, shareholder rights and other corporate steps necessary to prepare for a potential offering or listing.

                • We advise on negotiated and distressed exits, restructurings, buyouts, enforcement of investor rights and settlements involving underperforming investments.

                  • For cross-border exits, we work with tax and regulatory advisers to address the corporate, tax, foreign exchange and regulatory consequences of transferring ownership and distributing or repatriating proceeds.