Reconnex Appoints SRS as Stockholder Representative in McAfee Acquisition
09.10.2008SAN FRANCISCO – September 10, 2008 – Shareholder Representative Services LLC (SRS), the first and only company specializing in post-closing shareholder representation in private M&A transactions, today announced that it has been appointed as the representative of the former stockholders of Reconnex, Inc., a leader in data loss prevention appliances, following its recent acquisition by McAfee, Inc.
The principal selling shareholders of Silicon Valley-based Reconnex include August Capital, Levensohn Venture Partners, Norwest Venture Partners and Outlook Ventures.
“When investors hire SRS for more than one deal, they see the benefits of professional shareholder representation magnify,” said Paul Koenig, managing director at SRS. “Our streamlined processes allow fund managers to monitor the status of all of their escrow positions with one set of consolidated reports and a single point of contact for all questions regardless of deal.”
SRS serves as a professional representative of the stockholders following the closing of merger or acquisition transactions. As shareholder representative, the firm manages post-closing matters including handling claims by buyers for damages related to breaches of representations or warranties, communicating with escrow agents and other parties to the transaction, and resolving other matters that may arise following closing.
For more information about Shareholder Representative Services, visit our website at www.shareholderrep.com.
About Shareholder Representative Services?
Headquartered in San Francisco and with offices in Silicon Valley and Denver, SRS provides professional shareholder representation services following the closing of an M&A transaction. As shareholder representative, SRS manages the entire post-closing process including the management of escrows, earn-out negotiations, the handling of claims, disputes and litigation, communications with the acquirer, and, ultimately, distribution of escrow funds. By engaging SRS, investors are able to focus on their core competencies – identifying the next deal and managing the rest of their portfolio – rather than being distracted by the administrative burdens and legal and financial risks that may inure to the shareholder representative. The professionals at SRS have the expertise to simplify the post-closing process for the investors and to maximize return of sale proceeds to shareholders. More information on the company can be found at http://www.shareholderrep.com.
Contact:?
Heather Scott
Shareholder Representative Services
Phone: 415-373-4023
Email: heather.scott@shareholderrep.com
| Our streamlined processes allow fund managers to monitor the status of all of their escrow positions with one set of consolidated reports and a single point of contact for all questions regardless of deal. | ||
| Paul Koenig Managing Director<br>Shareholder Representative Services | ||