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Business Seller Faces $600K Broker Claim on Deal That Didn’t Close

Sale of business failed to close because spouse of the founder refused to sell. M&A Stories February 23, 2021 Introduction Business brokers can help you sell your business. However, the broker listing or engagement agreement creates legal obligations which need

Posted in investment banker/business broker, willing buyer or procuring cause Tagged with: ,

Investment banker succeeds in getting its transaction fee approved in chapter 11 asset sale in face of trustee/creditor push back

Investment Banker provides a broad range of services including investment banking services to financially distressed companies. In 2017, Seller, a celebrity chef owned small restaurant chain, retained Investment Banker as its investment banker to assist with a recapitalization or a

Posted in approval of investment banking fee, bankruptcy sale, distressed business acquisitions, investment banker/business broker

Investment banker loses out on fee of target debt guaranteed by buyer of target stock

Investment Banker, based in Toronto, Canada, provides, among other things, investment banking advisory services relating to corporate transactions. Target is a New York-based company that provides asset-based lines of credit to small and medium-sized businesses on the eastern seaboard of

Posted in fee based upon buyer debt assumption, investment banker/business broker, success fee

Court awards investment bank $1.7 million advisory fee for a sale of a business where it was not the procuring cause

The investment banking firm in this case, identifies, evaluates, and develops M&A opportunities for its clients. One of its clients was the seller, a wholesale and retail seafood company. In January of 2016, the seller retained the investment banking firm

Posted in investment banker/business broker

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