Closing

Question 1

• What are the key items to do at closing?

Answer 1

o Regulatory Approval
o Capital Call
o Funds Flow

Question 2

• What is regulatory approval?

Answer 2

o Making sure any approval needed from government org are achieved?

Question 3

• What are the main approvals needed?

Answer 3

o HSR Antitrust filing. CMA approval in the UK?
o Industry specific regulator approvals

Question 4

• How are reg approvals put completed In practice as VP?

Answer 4

o Oversee associate work with legal counsel to ensure all necessary documents and items are with the lawyers

Question 5

• What is the funds flow?

Answer 5

o Create a schedule of payments to made at closing to ensure all the money goes to the right parties for the right amount

Question 6

• Who works on funds flows?

Answer 6

o Associates and checked by VPs.

Question 7

• What does a funds flow look like?

Answer 7

o A detailed sources and uses table

Question 8

Where does the private equiy transfer money to initially?

Answer 8

• Transfer money from firm to HoldCo

Question 9

• If it is a merger, how does the money flow?

Answer 9

• Goes from fund to holdco and then to mergerco