Our suite of Escrow Services include but are not limited to, escrow structures for mergers & acquisitions, regulatory/litigation, payments and raising capital. Escrow refers to funds or assets collected, held and disbursed by a neutral trusted third party (the "Escrow Agent") upon fulfillment of certain conditions as established in a written agreement between the parties to a transaction and the escrow agent (the "Escrow Agreement").
Generally, the Escrow Agent holds funds on a blocked bank account (the "Escrow Account") to mitigate risks for critical transactions. The parties to the Escrow Agreement can be sure that the assets are transferred into the escrow account and that the assets will only be released as agreed and specified in the Escrow Agreement.
Escrows are affordable solutions in comparison to credit letters or bank references. A special purpose vehicle set up and managed by Orangefield is used to act as Escrow Agent.