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cash earn-out payments

Spanish translation: pagos en efectivo sujetos a ganancias futuras

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09:12 Jul 11, 2001
English to Spanish translations [PRO]
Bus/Financial
English term or phrase: cash earn-out payments
"Prior to 1996, the primary business of XXX Corporation was providing commodity brokerage services. Mr. KKKKK successfully oversaw the sale of both the Company's brokerage assets to X.Z. & Y. XXX International and its London based institutional foreign exchange operation, GGG Ltd., to JJJ Ltd. management. Both sales were based on cash earn-out payments."

Es bastante urgente... Gracias!
David Meléndez Tormen
Spain
Local time: 20:07
Spanish translation:pagos en efectivo sujetos a ganancias futuras
Explanation:
David,
Yo lo traduciría como pagos en efectivo sujetos a ganancias futuras.

Para complementar las referencias de Patricia:
Earn-out Refers to an additional payment in a merger <mm.html> or acquisition <aa.html> that is not part of the original acquisition <aa.html> cost, which is based on the acquired company's future earnings <ee.html> relative to a level determined by the merger <mm.html> agreement
Earn-Out - This term refers to that portion of the transaction value (consideration) that might be contingent on the future of success (earnings) of the company following the sale.
Saludos,
PMG
Selected response from:

Patricia McGrory
Canada
Local time: 12:07
Grading comment
Muchísimas gracias a los tres por su ayuda con este difícil término!
4 KudoZ points were awarded for this answer

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Summary of answers provided
na +1pagos en efectivo sujetos a ganancias futurasPatricia McGrory
nareferencias
Patricia Lutteral
napagos earn-out en efectivo
Miquel


  

Answers


2 hrs
pagos earn-out en efectivo


Explanation:
Parece ser que no se traduce.

En tdfund.com :
Prueba de "Earn-Out"/rendimiento:

(Earn-Out /Performance Test)

Mecanismo o prueba por el que el precio de compra y/o el cálculo del tiempo para los pagos al vendedor dependen del rendimiento posinversión de la compañía.


En fiscalonline.com :

Jurisprudence en bref
Revenus de capitaux mobiliers
Conseil d'Etat, Arrêt BELLANNE du 29 décembre 2000, n° 182185. Le Conseil d'Etat, dans cet arrêt, détermine la date d'imposition du complément de prix reçu par le cédant en vertu d'une clause d'earn-out. Désormais, il convient de se référer au 2 du I de l'article 150-0 A du CGI.

Le Conseil d'Etat devait déterminer la date d'imposition d'une cession de parts sociales assorties d'une clause d'earn-out.

Avec ce type de stipulation "le vendeur, ayant cédé le contrôle de sa société (out), continue néanmoins à profiter (earn) des performances de celle-ci " (J-L Parot, La fiscalité des clauses d'earn-out, in Revue de Droit Fiscal 1998, p 1321).





Miquel
Spain
Local time: 20:07
PRO pts in pair: 578
Login to enter a peer comment (or grade)

2 hrs
referencias


Explanation:
Te paso algunas referencias; si bien desconozco la traducción exacta de "earn-out", es una especie de pago contingente, que depende de las ganancias futuras de la empresa comprada.

Earn Out
A contractual provision enabling an owner to earn additional money after the sale of a business if certain conditions, generally relating to the operations of the business, are met.
http://www.usbx.com/glossary/glossary_e.asp

Earn–out A formula for calculating sale proceeds to be paid to a disposing management which relates an element of the proceeds to future earnings
http://www.dti.gov.uk/SMEP/finbus/glossary/12gloss.htm

Earn-out
Refers to an additional payment in a merger or acquisition that is not part of the original acquisition cost, which is based on the acquired company's future earnings relative to a level determined by the merger agreement
http://www.moneycrawler.com/glossary/browse.pl?n=20&l=E

The terms of the acquisition called for an "Earn-Out Payment" based on calculated net profits, payable half in cash and half in Cree common stock.
http://www.cree.com/annual98/page36.htm

Prueba de "Earn-Out"/rendimiento:

(Earn-Out /Performance Test)

Mecanismo o prueba por el que el precio de compra y/o el cálculo del tiempo para los pagos al vendedor dependen del rendimiento posinversión de la compañía
http://www.tdfund.com/princeton_new/tdf_sphtml/tdfrc1/glossa...

A common device in business acquisitions is the earn-out payment, a price contingency based on some aspect of the acquired business's operations. Earn-outs come in two flavors, one based on the acquisition's earnings or cash flow, the other paid in consideration of the former owner's continued services or noncompetition. Since the earn-out could be either a deferred, contingent portion of the purchase price or simply ordinary compensation, its characterization dictates its treatment for tax and accounting purposes. When one party is both the owner selling the business and the principal providing services, the parties may have a difficult time determining the true nature of the earn-out payment.
pubs.bowne.com/pdfs/digest/07_8_97.pdf

20/10/00 La aseguradora alemana Allianz ha decidido adquirir el banco estadounidense de gestión de capital Nicholas-Applegate Capital Management por 1.090 millones de dólares (unos 230.000 millones de pesetas). El contrato, que ya ha sido firmado, prevé que en una primera fase, Allianz desembolse 980 millones de dólares y pague el resto en los próximos cinco años si la gestora incrementa en un 25% anual su volumen de negocios. Con esta adquisición, la segunda aseguradora europea administrará en todo el mundo un total de 662.000 millones de euros (110 billones de pesetas). Nicholas-Applegate, con sede en San Diego, administra por su parte inversiones por valor de unos 45.000 millones de dólares y está especializada en fondos de inversión norteamericanos e internacionales. La adquisición se cerrará en el primer trimestre de 2001 sin que el grupo estadounidense abandone su independencia dentro de la aseguradora alemana
http://www.dbu.jazztel.es/Segu.htm

Allianz will make an upfront payment of 980 million US dollars. The transaction includes additional contingent earn out payments of up to 1,090 million US dollars based on future performance as well as incentive and retention payments totaling 150 million US dollars. The maximum earn out payment of 1,090 million US dollars will be payable if Nicholas-Applegate achieves a 25 percent compound average revenue growth rate over the next five years.
http://www.allianz-vermoegen.de/js/vermoegen_2/unternehmen/p...

Espero que te sirva, saludos,

Patricia


Patricia Lutteral
Argentina
Local time: 16:07
Native speaker of: Spanish
PRO pts in pair: 1564
Login to enter a peer comment (or grade)

4 hrs peer agreement (net): +1
pagos en efectivo sujetos a ganancias futuras


Explanation:
David,
Yo lo traduciría como pagos en efectivo sujetos a ganancias futuras.

Para complementar las referencias de Patricia:
Earn-out Refers to an additional payment in a merger <mm.html> or acquisition <aa.html> that is not part of the original acquisition <aa.html> cost, which is based on the acquired company's future earnings <ee.html> relative to a level determined by the merger <mm.html> agreement
Earn-Out - This term refers to that portion of the transaction value (consideration) that might be contingent on the future of success (earnings) of the company following the sale.
Saludos,
PMG

Patricia McGrory
Canada
Local time: 12:07
Native speaker of: Native in SpanishSpanish
PRO pts in pair: 93
Grading comment
Muchísimas gracias a los tres por su ayuda con este difícil término!

Peer comments on this answer (and responses from the answerer)
agree  Patricia Lutteral: I like it :-))
1 hr
  -> Thank you, Patricia
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