Auction sale timetable—private M&A

The following Corporate precedent provides comprehensive and up to date legal information covering:

  • Auction sale timetable—private M&A

Auction sale timetable—private M&A

Sale of [[insert name of company or business]: Timetable

TimingActionResponsibility
Seller preparations
IM – [insert number] daysAppoint seller’s team of corporate finance and professional advisersSeller
from IM – [insert number] days to IM – [insert number] daysConduct vendor due diligenceSeller/Seller solicitors
IM – [insert number] daysIdentify and approach potential biddersSeller/Seller corporate finance advisers
from IM – [insert number] days to IM – [insert number] daysPrepare information memorandum and marketing presentationSeller/Seller corporate finance advisers
from IM – [insert number] days to IM – [insert number] daysConduct verification exercise concerning information memorandum and marketing presentation (if deemed necessary)Seller/Seller solicitors
IM – [insert number] daysSigning of confidentiality agreement by potential biddersSeller/Seller solicitors
Potential bidders/Potential bidders’ solicitors
First round
Date of circulation of information memorandum (IM)Circulate first round auction process letter and information memorandum to all potential

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