M&A Sell-Side Process Letter - Phase I and Phase II (Word DOCX)

What is the M&A process letter?

The M&A process letter is a template or example which assists transaction advisory consultants, investment bankers, and M&A practitioners with a sound basis from which to outline the proposed transaction steps in an M&A process.

As the M&A process progresses down the funnel and the potential buyer pool narrows, bidder(s) will typically provide a letter of intent. Prior to submission of the letter of intent by the bidder(s), the M&A bid process letter provides information to M&A transaction professionals/ investment bankers on the M&A timeline, instructions, and contact information for all future communication, as well as any terms that the bidders must include if they make an offer.

The M&A bid process letters accompany the confidential information memorandum distributed to potential bidders in an M&A process.

What information is included in the M&A process letters?

The M&A bid process letters addresses:
•  The schedule (i.e. timetable, number of bidding rounds and deadlines for bid submissions);
•  Instructions for obtaining data room access
•  Contact information for all notices and communications; and
•  The terms bidders should include in an offer package.

The phase I M&A bid process letter example outlines the basis on which a bidder may make an offer and to set out the process that is expected to be followed with respect to a Proposed Transaction.

The phase II M&A bid process letter sample invites successful bidders to the next stage of the process. During Phase II, the process through which access to additional information on the Target is outlined to enable bidders to submit a final binding offer.

These M&A bid process letter templates are useful in any M&A practitioners, investment bankers, CEOs, CFOs, venture capitalists, transaction advisory consultants and private equity fund managers arsenal of resources.