2018-01-28 M&A

https://www.mergersandinquisitions.com/investment-banking-groups-mergers-acquisitions/

targeted sell-side 

Higher price for the client

what analyst/ associate do?

1. executive summary

2. watch

3. update response 

4. keep original buyers at bay 

5. buyer's DDL

6. multiple offers = > bidding war Or original buyers

what junior banker do?

1. update the buyer list & lastest news

2. process due diligence requests from buyers

3. some valuation & modeling work

technical work but not the majority of time.

targeted buy-side

broad sell-side (auction)

1. meet clients & develop marketing material

2. own operating model for it showing revenues and expenses 

3. approach potential buyers 

4. execute non-disclosure agreement

5. bidding deadline

6. pick the winners 

7. share more info

8. the purchase agreement 

broad buy-side