M&A Due Diligence Saves Company Millions

Fish detail case study photo

By identifying potentially problematic third-party patents in the early due diligence stages of an M&A transaction, Patterson + Sheridan helped lower the overall acquisition cost by tens of millions of dollars. 

Our client, an international technology company, was acquiring an overseas entity. While conducting due diligence, we identified patents held by the acquisition target’s competitors that would affect the acquisition target’s main product. This knowledge enabled the client to negotiate a significantly lower acquisition price—by tens of millions of dollars. Following the acquisition, we worked with non-US counsel and caused that patent to be revised so that it no longer affected the acquired business.