Docsroom

Features / Data rooms

A room where the bidders never see each other.

A deal puts each side on its own party: the seller, and each bidder under its own name. The room is indexed the way disclosure is always indexed, and a question from one bidder is visible only to that bidder, the seller and your team.

Stannard Holdings sale · 6 sections39 of 50 provided
  • UploadCorporate12 of 12Complete
  • UploadFinancial11 of 143 files sent
  • UploadContracts4 of 95 overdue
Rooms and packs

How a room differs from a pack

Everything else in Docsroom is one person answering you. A room is several parties reading the same index: buyers for a business, investors in a round, bidders for a building.

  • Documents shared with the whole room, read only
  • Withdrawing a party’s access stops it at once
  • The whole room downloads as one ZIP
Stannard Holdings saleRead only

Parties

  • MPMeridian Partnersbidder, sees only itselfTerms accepted
  • CECalder Equitybidder, sees only itselfTerms accepted

Questions

  • QuestionPension deficitprivate to MeridianReady to check
  • QuestionLease on the depotasked by CalderCompleteShared with everyone
Bidders never see who else is in the room, or how many.

An illustration. The names are made up.

Terms first, or nothing

Until a bidder accepts the terms, the portal shows the terms and nothing else, and every document answers a refusal. Each acceptance is dated, against the party.

Questions stay in their lane

Diligence questions arrive as requests with a thread, an owner and a date, like everything else. They do not become a separate inbox.

Read only means read only

A bidder downloads and asks. Nothing in the room can be changed by the people reading it.

The pictures are illustrations. The names are made up.

The other side

What a bidder sees

The index, and the documents. Their own questions and the answers to them. Nothing about anybody else in the room.

Stannard Holdings · Meridian Partners
Confidential. Provided for the purpose of this transaction only.
  • Corporate12 documentsOpen
  • Financial11 of 14Open
  • Employeesnot provided yetAsk

Built from a template

The business sale template opens with the sections a buyer’s solicitor asks for: corporate, financial, tax, contracts, employees, property, legal and compliance. Add to it, reorder it, or start from an empty room.

  • An index you can add to
  • One party per bidder
  • Every download recorded against its party
Parties · Stannard Holdings sale
  • MPMeridian PartnersbuyerAccepted
  • CECalder Equityinvited 4 SepAccepted
  • HPHale & Prenticesell sideAccepted
Admitted once they accept the terms

The log answers the awkward question

Who looked at the pension deficit, and when. Every download, question, upload and terms acceptance is one line with the party against it, in order, under the room itself. It is the record you want on the day somebody asks what a bidder actually saw.

Read next

Corporate financeThe trade this is forLaw firmsDisclosure on a matterPermissionsWho on your side sees it

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