Key Corporate Governance and Exit Considerations for the Sponsor-backed IPO Candidate | Practical Law
A Practice Note highlighting the key issues to consider when implementing a post-initial public offering corporate governance structure for a private equity sponsor. It discusses strategies for maintaining sponsor control post-IPO through capital stock structure and board of director composition, negotiating registration rights to preserve sponsor liquidity, and addressing restrictions on transfer such as state takeover statutes, anti-assignment provisions, and minimum holding periods.