LawExchange International: The Mounties Are There When Needed

Gumlink A/S, a corporate client of LawExchange International (LEI) Danish member firm, Holst, Advokater of Aarhus, recently instructed Holst in complex parallel transactions, the first of which involved the sale of the 50% share capital which they owned in a Canadian company, TabLabs Inc. The purchasers, who owned the other 50%, then immediately sold the entire share capital to an acquirer.

Jakob Schmidt, the partner at Holst dealing with these matters, referred the sale of the 50% share capital in TabLabs Inc to LEI Canadian member firm, Loopstra Nixon, in Toronto, where the transaction was dealt with by Michael Otto.

This deal was negotiated and closed in parallel with the sale by Okono A/S (a company affiliated to Gumlink A/S) of the entire share capital in MedCan Pharma A/S to a company affiliated with the acquirer.

Mr. Hans Henrik Eriksen, CEO of Gumlink A/S, commented: “ These were important transactions for our group.  The timing and co-ordination between them, as well as the onward sale by the other shareholders in TabLabs Inc to the acquirer, were important. We were very pleased indeed with the commercial awareness and responsiveness of Loopstra Nixon and with the way in which they liaised with Holst, Advokater”.