Investment bank ‘books’ get shorter as M&A evolves


M&A, mergers, offering memo, Choate Hall & Stewart, Peloton Document Solutions, Qatalyst, William Blair
Portrait of business man and woman sitting in cafe and discussing contract. Diverse business people meeting in hotel lobby reading documents. Photo courtesy ©iStock/Jacob Ammentorp Lund
Lengthy and detailed confidential information memos, the standard in M&A processes, are heading for extinction, banking and private equity sources said. To attract buyers, more banks are using punchier CIMs, some as short as one to three pages, sources said. ...

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