Title
The due diligence process: guiding principles for early stage innovative productsThe due diligence process: guiding principles for early stage innovative products
Author
Faculty/Department
Faculty of Applied Economics
Research group
Engineering Management
Publication type
report
Publication
Antwerp :UA, [*]
Subject
Economics
Source (series)
Research paper / UA, Faculty of Applied Economics ; 2006:16
Volume/pages
18 p.
1
Carrier
E
Target language
English (eng)
Affiliation
University of Antwerp
Abstract
Mergers and acquisitions of small, innovative firms require special treatment of the due diligence process. The asymmetry in organisational order of magnitude would otherwise force the smaller, target venture to become a puppet in the hands of the larger, often multinational company. The aim of this paper is to provide a guideline for smaller, new technology-based firms to face the power disequilibrium. After a brief introduction on the nature of the due diligence process, the paper will discuss dangers of due diligence as perceived by both the disclosing and the receiving party. Special attention will be paid to the concepts of the White Room, the White Book and the need for gradually increasing disclosure of one party and growing commitment both financially and contractually of the other. For each phase of the due diligence process, content of the disclosure is discussed, as well as legal, financial and procedural aspects.
Full text (open access)
https://repository.uantwerpen.be/docman/irua/461378/5506f188.pdf
Handle