Mirus Capital AdvisorsMirus Capital Advisors

July 2013

Tuesday, July 09, 2013

BTS Group acquires Wizerize

Here’s a recent acquisition in the leadership development sector, which is not a sector typically known for a large number of strategic acquisitions. One of Training Industry’s 2013 Top 20 Leadership Training Companies, BTS Group, today announced the acquisition of Wizerise. This transaction is quite interesting because it’s one of the first times that I’ve […]

Monday, July 08, 2013

When a Non-binding Term Sheet Becomes Binding

From Mintz Levin: “Although letters of intent and term sheets represent the first step in nearly all negotiated corporate transactions, parties should be aware of court rulings enforcing purportedly non-binding letters of intent. Parties should proceed with caution when drafting letters of intent or term sheets and in their course of conduct surrounding the negotiations of definitive agreements to help ensure they are not later bound to their ‘non-binding’ term sheet.”