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Data room, virtual
Internet-based document room in which all the essential documents are made available to potential buyers during the due diligence.
Debt mezzanine capital (senior mezz)
This form of mezzanine capital allows for maturity options to be shortened or extended. Due to its junior loan character, high-yield bonds, convertible bonds, typical dormant holdings and going public warrant-linked bonds are attributed to this mezzanine structure alongside junior loans.
Most common valuation method, based on the discounted free cash-flow (cash value valuation) which the company can generate in the future.
Rights of the vendor of shares whereby other shareholders also have to sell (at the same conditions). Such a co-selling obligation is customary with MBOs for managers and/or senior and minority shareholders.
Due Diligence (DD)
Intensive scrutiny of the financial, legal, tax, environmental, market, human resources and cultural circumstances of a potential target company as the basis for arriving at a decision on an investment and the respective purchase price. The risks which could have an impact on the future business development are thus to be avoided and/or evaluated.