4 ms·
Can you re-use the due-diligence of the previous failed acquisition?
by nraynaud 6y ago
Can you re-use the due-diligence of the previous failed acquisition?
- edanm 6y agoNot a lawyer or an expert, but I did go through due-diligence once. One of the hard parts of the process, from the point of view of the company, is gathering all required documents/materials. I'm guessing a bunch of that work can be "reused", assuming they kept all the documents organized, which they would've for due-dilligence.
- mbesto 6y agoThis situation has come up before. The answer is that it depends. Let's say I do a diligence on behalf of PE Firm A (and the deal falls through) and PE Firm B wants to use that diligence because they're looking to buy the company now. Legally/contractually I cannot let that PE Firm B see the diligence report I created, however I have seen situations where PE Firm B would purchase the report from PE Firm A, or the target would purchase it and give it to PE Firm B.