J.P.Morgan Software Investment Banking
M&A process can be executed in ~12 weeks
Post
earnings
End of
May
End of
June
End of
July
September/
October
Buyer
education and
discover
of interest
Further
engagement if
serious interest
materializes
Launch formal
process with
several parties
Required
approvals
J.P.Morgan
JPM to connect with key decision makers at tier 1 strategics
and select sponsors
Target to filter down to highly probable 3-5 strategics and 2
sponsors and set up introductory meeting with management
Shareholder approach
Management meetings with serious interested parties only
Post meetings, receive indications of value
Management
involvement required
If indications are compelling, perform market check in a
tight process
Due diligence and access to dataroom
Negotiation of legal documentation
Sign and announce
Regulatory approvals
Shareholder approval
Low
Medium
High
1
High
High
Medium
Information / materials required
Initial buyer education phase
Investor day presentation materials
Short form of management presentation
Key KPIs and financial projections
Management meetings
Phase 1: 15-20 page presentation based on
public information / investor day materials
Phase 2: 2-3 hour presentation based on
internal information including projections
☐Phase 3: Functional meetings including
product, GTM, financials
Dataroom
To cover product, R&D, sales / GTM /
customers, financials /accounting,
HR, IT, legal
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