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Principals of Envisage Advisors Served as Exclusive Financial Advisor to Soberlink, Inc.

May 26, 2015 by Envisage Advisors

Soberlink, Inc.

May 26, 2015 – Has completed the sale of its Criminal Justice business division.

Envisage Served as Exclusive Financial Advisor to Soberlink, Inc.

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.

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