M&A Foundations · glossary
The document library the seller assembles so bidders can do due diligence — today always a virtual data room hosted online. Its contents usually count as disclosed against the warranties, which is why what went into it matters long after completion. SPA definition · Chapter 7
Explained in Chapter 7, Due Diligence, of M&A Foundations.
The main page for this term is Data room (virtual data room, VDR), in Legal Due Diligence.
Then the data room — the virtual document library the seller opens to bidders for due diligence. Building it is a genuine junior-lawyer craft. The discipline that matters is indexing. Folders are numbered to mirror a standard due diligence questionnaire (1 Corporate, 2 Financial, 3 Material contracts … 7 Regulatory). Documents get consistent names, and a maintained index lets anyone find anything. A shambolic data room generates hundreds of bidder questions, and every…Read Chapter 5, Preparing for a Deal →
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the electronic data room relating to the Group hosted by Vaultline Limited under the project name “Sunrise”, the contents of which are listed in the index annexed to the Disclosure Letter and preserved on the archive USB drives delivered to the Buyer’s Solicitors on the date of this agreement;Read the definition in the document →
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