If engaged as lead adviser - HTML will:

• visit the plant and will conduct the Pre-Process Due Diligence
• prepare a one-page "Teaser" and a 4-6 page Business Synopsis

As HTML specialises in engineering transactions, we will very often be aware of likely bidders and can quickly generate a competitive bidding situation. Only the shareholders or advisers of known likely bidders who have formally registered their interest and signed a confidentiality agreement will receive the Business Synopsis.

• we will receive indicative bids and manage the bidding process in a professional manner; site visits are usually but not always required before firm bids can be received
• advise on the deliverability of each bid, select a Preferred Bidder
• offer exclusivity to a Preferred Bidder (or limited exclusivity to a small number of bidders)
• write lawyer's brief and negotiate fees
• appoint lawyers, assist with money laundering checks
• negotiate Heads of Terms with the Preferred Bidder
• manage the Preferred Bidder's due diligence
• negotiate Share Purchase Agreement with Preferred Bidder's lawyers.
• advise on warranties and indemnities.
• negotiate shareholders' exit arrangement and Directors' Service / Consultancy Contracts
• receive formal confirmed offer after due diligence with confirmation of funding
• negotiate the front end of the Disclosure Letter.
• co-ordinate the disclosure process.
• prepare the completion cash flows.
• manage the transaction to the fees and the timescale agreed.
• arrange and manage the completion meeting.