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Exit Provisions in JV Agreements

September 20, 2022

All JVs come to an end. Yet dealmakers often fail to plan for this inevitable occurrence. Indeed, many JV dealmakers do not devote adequate time and resources when thinking through and negotiating exit terms in their JV agreements. This webinar will discuss how thinking about exit early and deliberately can be one of the smartest decisions a dealmaker can make and may give them a leg up over their joint venture partners. Listen in to hear how rushed or poorly structured exit provisions can keep partners trapped in a JV, negatively impact exit prices, exacerbate partner animosity, or even trigger litigation and to learn about how to avoid these negative outcomes.

Previous Event

About the Speakers

Tracy Branding Pyle

Tracy Branding Pyle is a Managing Director at Ankura who specializes in helping organizations navigate complex transactions, and, in particular, joint venture-related transactions. She works with a wide array of U.S. and international companies across industries to help them structure, negotiate, approve, and launch joint ventures to set these ventures up for success. She additionally advises on governance of individual joint ventures and portfolios of joint ventures to help companies to minimize risk, increase efficiencies, and find value. Prior to joining Ankura, Tracy practiced law at Hogan Lovells, where she advised clients on joint ventures, public and private mergers and acquisitions, and corporate governance matters. Tracy is based in Washington, DC.

James Bamford

James Bamford is a Senior Managing Director at Ankura based in Washington, DC. He joined Ankura with the firm’s 2020 acquisition of Water Street Partners, which he co-founded in 2008. Water Street Partners has been independently ranked as the number one global advisor on joint ventures since 2017. Prior to Water Street, he was global co-lead of the Joint Venture & Alliance Practice at McKinsey & Company.

Edgar Elliott

Edgar Elliott is a Senior Associate at Ankura based in New York. He works across the joint venture and partnerships landscape, from advising on joint venture transactions, through to performing governance reviews of joint ventures and reviews of companies’ JV portfolios. He has worked with companies in various geographies, including in the Middle East, Europe, and the Americas, and across different industries, including the oil and gas, healthcare, aerospace and defense, and semiconductor sectors. Edgar holds degrees from Columbia University in Chemistry and in Classics.

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