Advice in relation to a dispute concerning a sale of a privately-owned software company
Peters & Peters represented the founders and former owners of a software company that had been sold to a major international PLC. A part of the consideration for sale (measured in millions of pounds) was deferred under an earn-out arrangement, subject to certain targets being met. Following the acquisition, a dispute arose in relation to the amount of the deferred consideration that was due. Peters & Peters represented the clients in the course of extensive negotiations and a mediation. The dispute was eventually settled on mutually acceptable and confidential terms.