Private Equity
Investment terms that connect ownership, management, growth plans, and exit.
Private Equity
Investment terms that connect ownership, management, growth plans, and exit.
Private Equity
Investment terms that connect ownership, management, growth plans, and exit.
You’re selling a majority and keeping a stake.
The offer includes cash today and equity in the business ahead. That retained stake has a percentage attached. It also has terms: who can issue more equity, who decides when to sell, and what happens if your operating role ends.
We help you examine those terms together. The acquisition price, future participation, and day-to-day authority each matter to the decision you are making.
You’re selling a majority and keeping a stake.
The offer includes cash today and equity in the business ahead. That retained stake has a percentage attached. It also has terms: who can issue more equity, who decides when to sell, and what happens if your operating role ends.
We help you examine those terms together. The acquisition price, future participation, and day-to-day authority each matter to the decision you are making.
You’re selling a majority and keeping a stake.
The offer includes cash today and equity in the business ahead. That retained stake has a percentage attached. It also has terms: who can issue more equity, who decides when to sell, and what happens if your operating role ends.
We help you examine those terms together. The acquisition price, future participation, and day-to-day authority each matter to the decision you are making.
The work across an investment
The work across an investment
The work across an investment
Work through the purchase of the business that will anchor a broader investment plan. Coordinate structure, diligence, financing, and the documents needed for closing.
Work through the purchase of the business that will anchor a broader investment plan. Coordinate structure, diligence, financing, and the documents needed for closing.
Work through the purchase of the business that will anchor a broader investment plan. Coordinate structure, diligence, financing, and the documents needed for closing.
Review how the next purchase fits existing ownership, borrowing, contracts, and operations. Bring consent requirements and integration arrangements into the transaction plan.
Review how the next purchase fits existing ownership, borrowing, contracts, and operations. Bring consent requirements and integration arrangements into the transaction plan.
Review how the next purchase fits existing ownership, borrowing, contracts, and operations. Bring consent requirements and integration arrangements into the transaction plan.
Address new capital, changes to existing ownership, distributions, and investor approval rights. Explain what the proposed terms mean for the company and the party we represent.
Address new capital, changes to existing ownership, distributions, and investor approval rights. Explain what the proposed terms mean for the company and the party we represent.
Address new capital, changes to existing ownership, distributions, and investor approval rights. Explain what the proposed terms mean for the company and the party we represent.
Review the terms for reinvesting part of sale proceeds or retaining an interest, including dilution, distributions, transfer restrictions, and participation in a later sale.
Review the terms for reinvesting part of sale proceeds or retaining an interest, including dilution, distributions, transfer restrictions, and participation in a later sale.
Review the terms for reinvesting part of sale proceeds or retaining an interest, including dilution, distributions, transfer restrictions, and participation in a later sale.
Connect vesting, performance conditions, departure provisions, and repurchase rights to the role management will be expected to perform.
Connect vesting, performance conditions, departure provisions, and repurchase rights to the role management will be expected to perform.
Connect vesting, performance conditions, departure provisions, and repurchase rights to the role management will be expected to perform.
Advise on ownership changes, related-company agreements, further acquisitions, and sale preparation within the agreed assignment.
Advise on ownership changes, related-company agreements, further acquisitions, and sale preparation within the agreed assignment.
Advise on ownership changes, related-company agreements, further acquisitions, and sale preparation within the agreed assignment.
Identify whose interests are being represented.
A sponsor, the company, a selling founder, and management can all want the transaction to proceed while wanting different terms. We establish whom Cove represents and what decisions that party needs to make.
Depending on the engagement, the work may include:
Review and negotiation of a term sheet or letter of intent.
A diligence summary tied to the proposed investment terms.
Purchase, investment, shareholder, or operating agreements.
Rollover, equity incentive, and management arrangements.
Board and owner approvals, closing documents, and a record of continuing obligations.
The intended holding period and growth plan also matter. A restriction that looks remote at signing can become central when the company needs more capital, wants another acquisition, or prepares to sell.
Identify whose interests are being represented.
A sponsor, the company, a selling founder, and management can all want the transaction to proceed while wanting different terms. We establish whom Cove represents and what decisions that party needs to make.
Depending on the engagement, the work may include:
Review and negotiation of a term sheet or letter of intent.
A diligence summary tied to the proposed investment terms.
Purchase, investment, shareholder, or operating agreements.
Rollover, equity incentive, and management arrangements.
Board and owner approvals, closing documents, and a record of continuing obligations.
The intended holding period and growth plan also matter. A restriction that looks remote at signing can become central when the company needs more capital, wants another acquisition, or prepares to sell.
Identify whose interests are being represented.
A sponsor, the company, a selling founder, and management can all want the transaction to proceed while wanting different terms. We establish whom Cove represents and what decisions that party needs to make.
Depending on the engagement, the work may include:
Review and negotiation of a term sheet or letter of intent.
A diligence summary tied to the proposed investment terms.
Purchase, investment, shareholder, or operating agreements.
Rollover, equity incentive, and management arrangements.
Board and owner approvals, closing documents, and a record of continuing obligations.
The intended holding period and growth plan also matter. A restriction that looks remote at signing can become central when the company needs more capital, wants another acquisition, or prepares to sell.
Related practices
Related practices
Related practices
FAQ
FAQ
FAQ
This page concerns investments in operating companies and the arrangements around those deals. Creating the fund, its management structure, and its investor terms is addressed under Investment Funds.
We can assess a proposed founder-side engagement, including sale terms, continuing ownership, and the founder’s future role. Share who else is involved so representation and potential conflicts can be reviewed before work begins.
Ownership, management arrangements, licenses, and transaction-notice requirements need their own review. California’s OHCA framework may reach covered healthcare transactions involving private equity and other participants. Applicability depends on the parties and transaction; it should be assessed before fixing the timetable. OHCA transaction notice guidance.
For management-company arrangements, see Healthcare Management & Services.
Yes. A proposed grant, revised incentive arrangement, or departure can be a defined matter. Governing company documents, grant terms, and any employment or separation agreement that affects the interest are useful background.
Your introduction to Cove
Start with a conversation about what you need.
If you decide to move forward, we’ll agree on the work and its fixed fee before we begin.
Have a particular matter in mind? Tell us about it.
Share what you’re working through or working toward.
Send relevant documents ahead of time so we can come prepared.
Your introduction to Cove
Start with a conversation about what you need.
If you decide to move forward, we’ll agree on the work and its fixed fee before we begin.
Have a particular matter in mind? Tell us about it.
Share what you’re working through or working toward.
Send relevant documents ahead of time so we can come prepared.
Your introduction to Cove
Start with a conversation about what you need.
If you decide to move forward, we’ll agree on the work and its fixed fee before we begin.
Have a particular matter in mind? Tell us about it.
Share what you’re working through or working toward.
Send relevant documents ahead of time so we can come prepared.