Case Studies - Legal & Regulatory

Deadlines Met and Savings Realized in $1.1 Billion M&A Due Diligence Engagement

Challenge
A private sales and marketing agency was in the process of being acquired by private equity investors for more than $1.1 billion. In order to meet the buyers' stringent time schedule, the company had to complete pre-acquisition due diligence and corporate clean up, which included preparing disclosure on 23 private businesses out of which the company was recently consolidated, and manage the simultaneous due diligence efforts of nine separate bidders.

How We Helped
We provided an attorney with more than 10 years experience in mergers and acquisitions and corporate restructurings to manage significant elements of due diligence, which left the General Counsel free to manage the interaction with bidders and to counsel the board of directors and senior executives.

Results
The company was able to complete the due diligence preparation and successfully coordinate the disclosure with the multiple law firms representing the investors and the lenders, within the short time frame stipulated by the buyers. The company estimates a savings in excess of $125,000 came from utilizing Resources in lieu of relying solely on outside counsel.

Why Resources Global?
Mergers and acquisitions demand a high level of legal sophistication, experience and attention to detail. Resources' legal professionals brought significant experience to the table along with support for the company's in-house legal department for a fraction of the cost of outside counsel.

Pharmaceutical Company's Restructuring Project Leverages Resources' General Counsel

Challenge
A publicly traded pharmaceutical company shifted its focus from developing treatments for a wide range of chronic diseases to concentrating on a smaller core suite of products. The change necessitated significant changes in its senior management team and business plan, including stopping the research, development and marketing of a commercial drug, and divesting a national sales and distribution business and sales force. The company previously used outside counsel to handle all of its legal needs, but recognized that a seasoned and experienced in-house business lawyer could perform many functions effectively and efficiently.

How We Helped
We provided a former public-company general counsel with significant experience in mergers and acquisitions, corporate restructurings and business turnarounds, including divesting assets and downsizing companies. Leveraging his general counsel experience, our professional assisted outside counsel in selling one of the company's commercialized drug products and its related national sales force. Our attorney also provided assistance in subleasing the company's research and development facilities, resolving various vendor and supplier disputes and collection matters, resolving royalty and other disputes under license and supply agreements, and contracting with Clinical Research Organizations and other research related vendors.

Results
The services provided by our attorney included negotiating a resolution of disputed invoices, which resulted in savings to the company in excess of $150,000.

Why Resources Global?
Corporate restructuring requires experienced, capable attorneys with sensitivity and business acumen. The company had experience with Resources’ dedication to finding professionals with the precise skills and experience necessary to meet the challenges at hand.