Pluto's three-entity structure required two asset purchases and one share purchase
Ian Fourie · Are You Selling an Asset or Selling a Job? · Feb 27, 2025 · at 14:22
Ian Fourie, founder of Pluto LMS, describes the transaction structure and due diligence process during the acquisition of his company.
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“It created a lot of legal sort of delays in terms of due diligence, because it was basically three companies that needed to be assessed. And it was two asset purchases. Those were okay. Those were a lot quicker. And then the one share purchase, which took a lot of time because they were effectively acquiring the entire company rather than just its assets.”
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