Hiring SRS takes the burden off our shoulders as well as the inherent risk associated with being the shareholder rep, yet we are still kept fully in the loop when disputes or other issues arise.
San Francisco, CA (PRWEB) August 8, 2008
Shareholder Representative Services (SRS), the first and only company specializing in post-closing shareholder representation in private M&A transactions, today announced that it has been appointed as the representative of the former stockholders of Integration Associates, one of the fastest growing fabless semiconductor companies in Silicon Valley, following its recent acquisition by Silicon Laboratories Inc.
The principal selling shareholders of Mountain View-based Integration Associates include Sequoia Capital and Chess Ventures.
"We selected SRS as stockholder representative to take on the day-to-day management of post-closing issues so we and the other investors are free to focus on our core business of finding new opportunities and growing our portfolio companies," said Charles R. Schwab, Jr., Chess Ventures. "Hiring SRS takes the burden off our shoulders as well as the inherent risk associated with being the shareholder rep, yet we are still kept fully in the loop when disputes or other issues arise."
SRS serves as a professional representative of the stockholders following the closing of merger or acquisition transactions. As shareholder representative, the firm manages post-closing matters including handling claims by buyers for damages related to breaches of representations or warranties, communicating with escrow agents and other parties to the transaction, and resolving other matters that may arise following closing.
"The investment and M&A communities are finding that bringing in SRS to professionally manage the role of shareholder representative is beneficial from a cost perspective as well as a risk mitigation standpoint," stated Paul Koenig, Managing Director, SRS. "Taking on the role of shareholder representative is a challenging task and our clients know that our team of lawyers, bankers and accountants, backed by our proprietary technology, will ensure proper management during the post-closing period."
For more information about Shareholder Representative Services, visit our website at http://www.shareholderrep.com.
About Shareholder Representative Services
Headquartered in San Francisco and with offices in Silicon Valley and Denver, SRS provides professional shareholder representation services following the closing of an M&A transaction. As shareholder representative, SRS manages the entire post-closing process including the management of escrows, earn-out negotiations, the handling of claims, disputes and litigation, communications with the acquirer, and, ultimately, distribution of escrow funds. By engaging SRS, investors are able to focus on their core competencies -- identifying the next deal and managing the rest of their portfolio -- rather than being distracted by the administrative burdens and legal and financial risks that may inure to the shareholder representative. The professionals at SRS have the expertise to simplify the post-closing process for the investors and to maximize return of sale proceeds to shareholders. More information on the company can be found at http://www.shareholderrep.com.
Director of Marketing
Shareholder Representative Services
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