Financial Diligence in M&A
M&A Science
00:00
How to Write a Process Letter to a Banker
The process letter include what or the steps, is tipically prepared by the bankers. It lays down the steps, when is the next bid due, the time period, whether it's an eclusivity or not. At this time, they provide us access with e virtual data room. This data room include everything about the deal. Sometimes we found a 50 % of what we need, sometimes 30%. But we start to look at the aprestings, historical financial information,. looking at the income statement. And based on that, this is the basis core of the purchase price, the valuation.
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