Thanks Ella Bernie. Many years ago I worked for a biotech compamy and we did two seprate JV’s, one with Boots and the other with Air Products. The structure was very similar with the biotech company transferring around 25 people into the new JV, licensing certain technology on a FOC basis while our partner put in £3m in funding. Each JV was 50/50 and they both worked well, however you always need to think through what happens when the partners disagree, which they will at some point in the future. Jen Whitfield I’m happy to chat if it helps. I’m not looking for more work so no obligation on your side. Good luck John

Hi Jen Whitfield – JVs have differing complexities. Assuming the commercials are agreed then this really is a matter for lawyers (agreements) and accountants ( finance and tax advice) . The phrasing of y§our question prompts me to ask if it is a merger or a JV and that can change a lot of things most importantly ownership. Let me know if you have a particular question, but if you trust your accountant I would go with their advice.

hi Jen Whitfield – I set up a JV as a limited company in Singapore, under English law. It was an adtech company with a US adtech company (Adknowledge, where I was CEO) with a large Malaysian/ pan-Asian telco (Axiata). Axiata put in growth capital and Adknowledge put in an existing business for an 80:20 share split. The JV then licensed the tech from Adknowledge at an agreed rate. It worked well for several years, then Axiata bought out Adknowledge’s share.

Happy to chat if helpful?

Ben

Tagging some marketing and communication experts who might be able to help – Krissy Brooks, Carlos Fitzpatrick, Jen Whitfield, Nikki Eve Wallis, Tshilidzi Siphuma, Lisa Karran, Nancy Duncan, Rebecca Chuks, Georgina Willison

Thanks for sharing Nicola! This would be great for some of our current Catapult attendees figuring out their next move – Darren Kirby, Jen Whitfield, Jake B, Veslemøy Klavenes-Berge, Alastair Cook, Tom McLaughlin, Paul Bennett, Emma Wallace, Jason Rance, Rebecca Chuks, Wendy Liu