Where The Business Was

• Patented technology owner

Problem

• The owner of patented oilfield technology wanted to buy back the licences to his technology and resell them to set himself up for the future

Solution

• We worked with the owner to realise his objectives: to buyback, revalue and on sell the licences

Implementation

• Negotiated a favourable repurchase of the licences
• Prepared a valuation of both the business and the patent licences
• Explored his options for further technology development
• Carried out a thorough review of his personal financial objectives
• Acted as company financial officer and coached the owner through the due diligence process

Results

• Negotiated a sale to a large public company on the owner’s terms
• Owner received cash, registered public company stock and a generous consulting contract with the buyer
• He continues to invent new oilfield technology applications for his public employer in return for cash compensation and stock options
• The owner and his retired spouse are free to take vacations whenever it suits them while at the same time enjoying financial security