Stock Purchase Agreement

This course introduces the Stock Purchase Agreement (SPA). A stock purchase agreement is the primary transaction document for a stock acquisition. In most control private equity transactions this is the document that will require the most negotiation. 

This lesson explores purchase price in the context of buying a company. The video describes the calculation required to go from enterprise value in a letter of intent to purchase price in a stock purchase agreement.

The lesson explores the language surrounding the working capital adjustment, and the impact it has on purchase price in the stock purchase agreement.

The lesson explores the representations and warranties of the seller in a control private equity transaction.

This lesson explores the representations and warranties of the buyer in a control private equity transaction.

This lesson inroduces covenants in a stock purchase agreement.

This lesson explains how indemnification works in a purchase agreement for a private equity transaction.