How it works in practice
Diligence should cover capital contribution status, licences, data assets, related-party deals, and founder disputes—not only financials. Coordinate antitrust thresholds for larger buyouts. For fund marketing and operator licensing, separate securities rules may apply.
FAQ
Is a VIE always required?
No. VIEs are sector- and listing-driven structures with evolving risk. Many industrial deals use direct equity or simpler holdcos.
Do minority VC rounds trigger merger control?
Sometimes, if “control” tests and turnover thresholds are met. Model early on large or strategic stakes.