
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’s principals worked through several complexities and successfully structured and negotiated the transaction