An M&A transaction is where a company’s entire legal history is tested at once: its cap table, contracts, intellectual property, governance, and compliance all surface under diligence, and the terms negotiated in the deal documents decide who bears which risk for years afterward. Fauri Law advises founders, companies, and investors through acquisitions, sales, and reorganisations — managing risk and maintaining leverage from the first conversation through to closing.
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Why structure and diligence decide it
Whether a transaction is done as a share sale or an asset sale changes the tax, the liabilities you take on, and the consents you need. Diligence decides what the price should really be and which risks the buyer is accepting. And the representations, warranties, and indemnities in the agreement decide who carries those risks for years after closing. The headline number gets the attention; the structure and the agreement decide what that number is actually worth.
Our role across the deal
We act on the company side — for buyers and for sellers — through the whole arc of a transaction:
- Structuring — share versus asset, and how the steps are built, with tax advice coordinated alongside.
- The letter of intent — where more gets locked in than people expect.
- Diligence — run to surface what actually matters, without stalling the timeline.
- The purchase agreement — and the negotiation of representations, warranties, indemnities, and conditions.
- Closing and post-closing — including the steps that are easy to neglect and costly to get wrong.
What we bring to it
Transactions reward judgment and a steady hand when the pressure is on. We keep leverage where it belongs, keep the deal moving, and avoid manufacturing complexity a matter doesn’t need. M&A is bespoke by nature — there’s no kit for it, and we wouldn’t pretend there were. It’s scoped and run as advisory work, by the lawyer responsible for your deal, from the first structuring call to the closing.
The experience behind it
Negotiated transactions reward having seen the situation before. The firm’s work draws on a depth of deal experience few firms of its size can offer — including acting as counsel inside a publicly traded company through a multi-billion-dollar merger, and more than a decade of cross-border M&A and restructuring work in the Middle East. It’s an unusually broad base of transactional experience to bring to deals of any size — and our clients draw on it directly.
Selling? Prepare early
If a sale is on the horizon, the least costly time to fix a cap-table gap, a missing IP assignment, or a loose contract is before a buyer’s lawyers find it in diligence. We do that clean-up too, quietly and ahead of time — and it usually pays for itself in the price. The work you do before going to market is some of the highest-return work in the whole transaction.
Working with your tax advisors
Deal structure drives the tax outcome, so the two have to be built together. We coordinate with your tax advisors as we structure the transaction, and we don’t give tax advice in-house — when a structuring decision turns on tax, your accountant should be in the room before it’s made.
Who we work with
We act for companies acquiring another business, founders and shareholders selling theirs, and growth companies combining or reorganizing. We also act for investors on the corporate side of a transaction. Whichever side you’re on, you work with the lawyer running the deal — from structure through to close.
How we work
- Large-firm experience, boutique focus. The depth of transaction work clients would expect from a much larger firm, delivered at a scale where they’re known rather than numbered.
- Senior attention, directly. You deal with the lawyer responsible for your deal, not a rotating team — the judgment you’re retaining is the judgment doing the work.
- Scoped, and clear on cost. M&A is bespoke, so we confirm what’s actually being asked, and agree scope and approach to cost, before the work starts.
- Direct about leverage and risk. We tell you what’s worth pushing on, what isn’t, and where the deal actually turns.
Common questions
- Share sale or asset sale? It changes the tax, the liabilities you assume, and the consents you’ll need. The right answer depends on the deal and the tax position — which is why we structure it with your tax advisors rather than by default.
- What is diligence actually for? To establish what the price and the risk should really be. Run well, it protects a buyer and de-risks a seller — and it can be done thoroughly without stalling the timeline.
- What are reps, warranties, and indemnities? They allocate who carries which risks after closing. Much of the negotiation that matters happens here, not on the headline price.
- We’re selling — what should we do before going to market? Fix the cap-table gaps, missing IP assignments, and loose contracts before a buyer’s lawyers find them. This clean-up usually pays for itself in the price.
- Is there a fixed fee for M&A?M&A is bespoke and scoped as advisory work — we won’t pretend a transaction fits a kit.
What comes next
A transaction draws on everything underneath it — the governance and shareholder agreements that control who can approve a deal, the ownership and equity structure and commercial contracts a buyer will examine, and the financinghistory that shaped the cap table. It’s the core of our advisory and transactional work. We can act on a single deal, or as your ongoing corporate counsel across all of it.
If a transaction is coming, talk to us early.
The first decisions carry the most leverage. Tell us what’s on the horizon, and you’ll hear back from the lawyer who would handle it.
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- A Software Publisher company in Toronto in a CA$10 million capital restructuring, including a CA$4.5 million convertible note and SAFE notes, ensuring a compliant, investor-friendly framework to support the Company’s growth and future equity conversion.
- A Canadian AI startup in securing CA$5 million in funding round, achieving a CA$20 million post-money valuation! This milestone paves the way for the startup’s expansion into new geographical locations and involvement in multi-billion dollar real estate projects.
- Aviation Company: Led the successful acquisition of strategic intellectual property for revolutionary single-engine helicopters and UAV systems, backed by a UAE venture capital.
- Meridian Credit Union, a leading financial institution in Toronto, in a share subscription transaction in FinTech Startup that includes legal due diligence, software licensing, drafting of transactional documents and securities law compliance on matters such as private issuer and exemptions from prospectus.
- Motusbank, a federally chartered online bank in Toronto, in standardizing the terms and conditions of the bank’s cloud-based services, including Saas agreements, software licensing agreements, click-wrap agreements, and other technology-related agreements for the use of the bank’s online users.
- Fincantieri, the largest naval shipbuilding group in the world, in naval ship IP design agreements, transfer of technology and licensing agreements negotiated and signed with several armed forces in the Middle East region to protect Fincantiari’s intellectual property rights.
- Infrastructure Ontario‘s Request for Proposal Documents (RFPs) of the Go-Rail Expansion Project.
- Infrastructure Ontario‘s Go-Rail Expansion project agreement, a single fully integrated contract using the Design-Build-Finance-Operate-Maintain (DBFOM) model.
- Infrastructure Ontario’s Transit Oriented Communities (TOC) project agreements including term sheets, joint ventures, construction lease and option agreements with developers to jointly build mixed-use developments as part of Ontario Line subway project.
- Infrastructure Ontario‘s Real estate matters such as expropriations/ collect and compete, land acquisition and disposition.
- Jordan Aviation‘s major shareholder in an airline company, to conclude a US$26 million share acquisition transaction from a large international private equity firm and related escrow agreements with Citi Bank London.
- Jordan Aviation’s major shareholder in an airline company, to conclude a US$10 million share acquisition transaction.
- Jordan Aviation, in its set-up of an aviation fund of US$30 million. Established fund company, management and sponsor companies. Prepared investment management agreement and subscription agreement. Moreover, drafted dry lease contracts for aircrafts as part of the fund transaction.
- Fincantieri, in the negotiation of a joint venture transaction with Al Zamil Shipyard in KSA for the design and construction of several offshore vessels and building of facilities for military and offshore vessels in the new King Abdul Aziz Port in KSA.
- National Holding, in the acquisition by a German firm (Knauf) to 51% stake in National Holding’s subsidiary.
- National Holding, in a joint venture transaction with Vivartia, a Greek holding group based in Athens.
- National Holding, in a US$36 million acquisition by Qatari sovereign wealth fund to National Holding’s shares in a Steel Factory in Egypt.
- National Holding, in a US$40 million capitalization in a home appliances factory in Jordan, with ownership restructuring.
- Dubai Bank and Dubai Holding, a global conglomerate and sovereign wealth fund of the government of Dubai and its ruling family, in producing a due diligence report and structuring advise in respect of a US$300 million cross-border acquisition/ privatization in a state-owned Jordanian Bank.
- Dubai Holding in producing four separate legal due diligence reports with respect to acquisition transactions totaling close to US$200 million in Eastern investment group holding UK, International Energy Management Company, Jordan Airline Training and Simulation (JATS) and Jordanian Flight and Catering Services Company (Subsidiary of Alpha Co. -UK);
- Kuwait National Bank in producing a due diligence report with respect to acquisition transaction in Bank Al Etihad in Jordan.
- National Holding, in several international procurement and sale of goods contracts and trade between countries that involved contract drafting and other banking documentations such as letter of credits, bank guarantees and other documents for shipping and handling of goods based on Incoterms Rules.
- Fincantieri as part of the in-house legal team, in closing a US$5.6 billion naval shipbuilding contract signed with the Qatari Navy in 2016.
- Fincantieri as part of the in-house legal team, in the negotiation of US$ multi-billion procurement contracts, to equip and arm newly ordered warships, with suppliers such as Airbus, Raytheon, MBDA, Rolls-Royce, Thales and Leonardo.
- Eagle Hills, a leading real estate developer, in several hotels operation agreements with Marriott Inc to license the operation of several (5) stars hotels and resorts in the Middle East region including St. Regis Hotel and residences, W Hotel & Residences and Westin Hotel.
- Engie, a French multinational power company, to structure the set- up and finance of a 150 MW solar power project in Jordan.
- Fincantieri, in closing a complex “Engineering, Procurement and Construction” contract for a military shipyard in the UAE and related joint venture contract for the management and operation.
- Fincantieri in a US$250 million refitting contracts of naval units (ISS, FOS, ILS) with several naval forces in the Middle East.
- National Holding, in several international procurement and sale of goods contracts and trade between countries that involved banking arrangements such as letter of credits, bank guarantees and other documents for shipping and handling goods.
- National Holding in the setup, design and construction of Greenfield cable factory in Algeria.
- Damac Properties in providing contract drafting to construction, consultancy, plot and unit SPA related to US$ multi-billion real estate projects in Dubai, Abu Dhabi, Jordan, Egypt, Lebanon, KSA and the UK based on FIDIC, NEC and bespoke forms of contract.
- Damac Properties as part of the inhouse legal team, in the negotiation of a US$ 250 million construction contract with Arabtec Holding to construct Damac’s 90 floors tower (Ocean Heights in Dubai Marina) in Dubai, UAE.
How are private mergers and acquisitions typically structured?
Most typically, private M&A transactions are affected pursuant to either an asset purchase agreement between an acquirer and the target company or a share purchase agreement between an acquirer and the shareholders of a target company.
Depending on the circumstances, the most appropriate transaction structure will depend on a variety of factors and should be discussed with your legal and financial advisers. For the success of any acquisition, choosing the right structure is critical.