Auction sale timetable—private M&A
Sale of [insert name of company or business]: Timetable
Timing | Action | Responsibility |
Seller preparations | ||
IM – insert number days | Appoint seller's team of corporate finance and professional advisers | Seller |
from IM – insert number days to IM – insert number days | Conduct vendor due diligence | Seller/Seller solicitors |
IM – insert number days | Identify and approach potential bidders | Seller/Seller corporate finance advisers |
from IM – insert number days to IM – insert number days | Prepare information memorandum and marketing presentation | Seller/Seller corporate finance advisers |
from IM – insert number days to IM – insert number days | Conduct verification exercise concerning information memorandum and marketing presentation (if deemed necessary) | Seller/Seller solicitors |
IM – insert number days | Signing of confidentiality agreement by potential bidders | Seller/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 bidders | Seller/Seller corporate finance advisers |
IM + insert number days |