During due diligence, the index was expanded whenever additional information requests came from the buy-side, and the folder structure was adjusted accordingly. Access was extended to the MBI investors, their legal and tax advisers, and other reviewing parties, all working in the same data room. Through Drooms’ reporting functions, con|cess M+A Partner Sebastian Lange and his team can track exactly when and how intensively individual users engaged with the documents – an important indicator of deal readiness and negotiation scope, as well as a reliable documentation basis for the period after closing.
To ensure maximum transparency and long-term reliable documentation, both MBIs, the seller and Sebastian Lange each received a USB stick containing the complete documentation package, clearly structured by index and document type. “This means no party can later claim not to have known certain information – if anything had genuinely been missing, that would primarily have been to the seller’s detriment and could have been reflected in the purchase price, although that was not necessary in this case,” Lange adds.
