“Bank DnB Nord SA has partnered with FORDATA sp. z o.o. (formerly Mergers Net sp. z o.o.) to facilitate the sale of an organized part of the enterprise (ZCP), i.e. supporting Small and Medium Enterprises, Community Residental Properties and Individual Clients without any mortgage products. The assistance offered by FORDATA, Virtual Data Room FORDATA has been used on two key stages of the transaction: negotiations with potencial investors and the process of selling the ZCP to Getin Noble Bank.
During Due Diligence, Dataroom FORDATA provided a secure and selective access to documents to our Investors, which was the basis of further negotiations. In particular, we appreciate the functions of the system such as the ability to limit access rights to files, detailed monitoring of user activity that gave us 100% control of the documentation.In the next stage of the process which is after the signing the preliminary agreement, FORDATA VDR was used for over half a year, both by us and Getin Noble Bank, to secure a bilateral, exchange of confidential documents. Due to the fact that users loading the files into the system could not have access to other documents stored there, the option of selective document management turned out to be of great use. Furthermore, bringing together the key documents of the two entities, allowed to:
It also had a positive effect on the speed of working out specific solutions and making relevant decisions. We strongly believe that the use of Dataroom FORDATA significantly affected the efficiency of all phases of the transaction. Also the FORDATA team was very helpful, offering a professional support on every step of the transaction, showing a high level of expertise and flexibility to the needs of the clients.
Bank DnB Nord is present in Poland since 2002. In the years 2007-2013 it was a mid-size Bank serving corporate clients and individual, SME and condominium clients through a branch network of 40 branches. As a result of strategic decision of the owner – a financial DnB group from Norway – in 2012 it has been made to sell the retail part of the Bank and focus on corporate clients and public sector. As a corporate bank, DnB will further develop on the polish market. The Bank has extensive experience in implementing large, complex financial and business ventures. It is known for its prefessional advice, the highest quality of service, specialized products and services tailored to the needs of each clientele.Olaf Seidel Member of the Board Bank DnB NORD Polska S.A.