ERM which assisted Reps AI, an AI driven machine learning start-up in the field of customer care, since just after its incorporation, provided counsel on the acquisition of Reps AI by KMS Lighthouse of the Aman Group, for cash with a performance-based earn-out mechanism. The transaction was completed within a short number of weeks and included restructuring of the company’s share and debt structure so as to ensure optimal benefit for investors now and at the end of the earn-out period.
Jeremy Seeff, partner at ERM’s Corporate and M&A practice, acted for Reps AI together with associate Eti Avnery.
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