How to Manage Deals With a VDR

A VDR is a valuable tool for many M&A deals. It helps to prioritize and organize data to simplify the due-diligence process for all parties. It also helps protect confidential information from accidental or malicious dissemination. A VDR can also help improve communication and collaboration between external and internal teams, speeding up the process.

Many VDRs have built-in NDAs to ensure that sensitive files are safe from being scrutinized by the public. However, a top-rated VDR provider can go even deeper with data security by allowing administrators to assign granular permissions down to the level of the file. This ensures that only the most important files are the only ones to be viewed.

The VDR is also a great method to communicate with trusted advisors like accountants, lawyers and compliance auditors. These individuals can read documents online, rather than sending documents via email. This can save money on travel expenses and increases efficiency.

In M&A the use of a VDR is commonly used to keep the confidential information package (or «teaser package») delivered to potential buyers as part of an advertising campaign. These packages contain sensitive data that must be kept secret from competitors and third parties until they have signed a non-disclosure agreement (NDAs). A VDR can make it simple for buyers to access this information online without having to physically visit the company’s premises.

The best VDRs have a dedicated M&A focus and are designed with the workflow and organization in mind. iDeals is a good example. It is a top VDR with features specifically designed for M&A including the ability to organize the repository into diligence categories such as Governance, Finance, IP, Human Resources, Real Estate, and Litigation. The Q&A section of the repository can be utilized to communicate with internal and external teams.

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