1
Initial Due Diligence
Est. Time 6 Weeks
Preparation
- Review the business, financial results and prospects
- Draft confidential information memorandum used to solicit initial “Indications of Interest”
- Concurrently begin to prepare diligence materials
- Identify and screen potential buyers
- Position the Company to maximize value to specific buyers
2
Marketing
Est. Time 6 Weeks
Marketing
- Approach buyers, execute confidentiality agreements and distribute offering materials
- Solicit Indications for Interest
- Prepare management presentation
- Concurrently finalize preparation of diligence materials for dataroom
3
Investors Diligence
Est. Time 6 Weeks
Due Diligence
- Conduct management presentations
- Open dataroom and commence due diligence
- Develop and distribute purchase agreement
- Solicit final offers (LOIs) from interested parties
4
Closing
Est. Time 8–10 Weeks
Negotiation
- Negotiate Letters of Intent (LOIs) and choose the right partner at the best price
- Facilitate confirmatory due diligence with ultimate partner
- Negotiate final structure and contract terms of purchase agreement
- Obtain necessary approvals
- Close transaction
