BUS 082 Lecture Notes - Lecture 22: Buy Side, Data Room, Investment Banking

• School: College of The Sequoias
• Department: Business (BUS)
• Course: BUS 082
• Professor: Porterfield

Document Summary

Prospective buyers are typically given several weeks to review the cim, study the target and its sector, and conduct preliminary financial analysis prior to submitting their initial non-binding bids. Depending on their level of interest, prospective buyers may also engage investment banks (as m&a buy-side advisors and/or financing providers), other external financing sources, and consultants at this stage. Initial bid procedures letter states the date and time by which interested parties must submit their written, non-binding preliminary indications of interest ( first round bids ) Defines the exact information that should be included in the bid. The management presentation is typically structured as a slideshow with accompanying hardcopy handout. The data room serves as the hub for the buyer due diligence that takes place in the second round of the process: typically online, where comprehensive, detailed information about the target is made available.