October 13, 2020

Speed up & Simplify One-to-One Transactions

By Stephan Millard, Product Marketing

As corporate development teams in companies are trying to navigate the current very unpredictable market, one bright spot is the opportunity for companies which have healthy cash reserves to acquire companies at a reasonable valuation. 

Often these acquisitions can be one-to-one transactions.  For the acquirer, this means they have greater control of their due diligence process.  But corporate development teams are still using an old approach to executing buy-side due diligence activities, which is making the process take longer, require more work and increase the risk that the deal may fall apart.  For example:

  • Collecting, organizing and sharing deal documents is done using multiple tools like Dropbox, SharePoint and email.  This can cause project teams extra work and risk with multiple copies of the same files in different locations and version control problems hindering effective communications on important issues.

  • Collaborating on document review is done using tools that are often insecure and may not be designed to work together, like a PDF viewers and email.  As a result there is no one source of truth where key topics are discussed and artifacts are kept. 

  • Spreadsheet applications like Excel being used to track findings and deal documents.  This causes version control problems with members of the team emailing and updating out of date versions and then causing the project leader extra work to merge everything back into one version.
Datasite Acquire Speeds up & Simplifies Buy-Side Due Diligence

There is a better way to execute buy-side due diligence. Datasite Acquire, our newest product, is the first truly dedicated buy-side due diligence virtual data room designed to meet the needs of corporate development teams.  Datasite Acquire includes a wide set of features that will simplify and speed up buy-side due diligence for one-to-one transactions.  These include:

  • Datasite Acquire’s document repository and sophisticated security model allow the buy-side team to save time receiving and organizing seller documents.  Just invite the seller to upload all the deal documents directly into Datasite Acquire while preventing the seller from seeing any other information about the project.
  • Streamline collaboration by inviting external advisors into the project allowing them to work with other members of the deal team.
  • Speed communications by letting users review, comment and @mention other team members directly from any deal document.
  • Easily create and share findings from a single place in the application.  Link to documents from the repository within any finding.
  • Keep everyone on schedule by creating trackers, such as due diligence checklists, to ensure that tasks are completed on time.
  • Improve project oversight with one real-time dashboard that will provide status of all deal findings and any trackers on the project.  Questions on anything? Drill into the dashboard and see detail on individual item.  That’s it.

Don’t make extra work for yourself and slow down buy side due diligence on your next 1-to-1 transaction – use Datasite Acquire.  Let one of our team show you how Datasite Acquire can make buy-side due diligence go faster and easier for you and your entire corporate development team. 

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