Seafood Processing

What could possibly go wrong? How about a key employee quitting two weeks prior to closing?

A situation like this demanded a unique approach — a cookie cutter process simply would not do. Even so, we found the ideal buyer, one whose business aligned perfectly with our client’s. Negotiating the letter of intent and managing confirmatory due diligence wasn’t without turbulence, but we’ve been there before.

Then came the surprises. The first was a critical employee’s abrupt exit two weeks prior to closing. The second was learning the day before closing that a shareholder’s stock certificate was locked in a vault in Montreal. Sequoia moved mountains to retrieve it and when told on closing day that the document had reached Vancouver but couldn’t be released, Sequoia drove to YVR personally and refused to take no for an answer.

With the share certificates in-hand, we managed to get it across the line on the closing date for our clients.