Private equity investment
A family needed our advice on a potential investment opportunity (a stake in a biotechnology business).
We embarked on an urgent due diligence process which required a coordinated effort between our corporate commercial legal team and the investment advisory team. We discovered some structural issues of which the family were not aware, and which jeopardised the alignment of interests between management and minority shareholders. Despite attractive underlying business economics the family decided not to pursue the opportunity as a result of the issues we identified.