“Zelmer S.A. (Company), supported by Advisor – Societe Generale Corporate & Investment Banking, cooperated with FORDATA sp. z o.o. (formerly Mergers Net sp. z o.o.) with regards to the preparation of secure document repository which was shared with potential investors to choose a strategic investor for Zelmer S.A. Investors had chance to analyze legal and financial situation of the Company i.e. conduct Due Diligence. Investors could analyze documentation online, using web browser thanks to use of application provided by FORDATA called a Virtual Data Room or VDR.
Due Diligence is a complicated process which requires special attention. Easy access to documentation is a crucial and often the most time consuming part of the transaction. Thanks to the use of FORDATA Virtual Data Room was conducted quickly and efficiently.
When both buyer and seller have large groups of consultants and experts, working from different location, a vital need is an easy access to application and gathered documentation – 24 hours a day, 7 days a week. It is because of VDR and such unlimited access to the repository that the time required for the transaction was reduced to a minimum.
As a result of the process, one of interested investor – BSH Home Appliances Sp. z o.o. – announced a tender for Company’s shares.”Janusz Płocica President of the Board Zelmer S.A.