Soberlink, Inc.
May 26, 2015 – Has completed the sale of its Criminal Justice business division.
About the Transaction
Soberlink, Inc. (“Soberlink” or the “Company”) is a leading developer of remote alcohol monitoring products and services, including a software as a service platform.
Transaction
Soberlink, Inc. (“Soberlink” or the “Company”) is a leading developer of remote alcohol monitoring products and services, including a software as a service platform.
Envisage advised Soberlink on (i) the sale of its Criminal Justice business division and (ii) a capital raise for its Healthcare business division.
Issues
- Company was subject to a number of structural challenges which made selling difficult
- Soberlink was organized in an inefficient manner from a tax perspective
Solution
- Envisage identified a number of debt sources willing to provide the Company growth capital with minimal equity dilution
- Envisage’s principals worked through several complexities and successfully structured and negotiated the transaction
Still Have Questions?
Please contact Leo Fernandez if you would like to discuss this transaction.