Vertex S.A. group – success story
The main challenge that the FORDATA team had to face was smooth and fast VDR launch and preparation of document scanning process of all documentation to be disclosed during Due Diligence.
Vertex S.A. owners emphasised the security and confidentiality of the transaction. Due to the fact that potential investors were companies located abroad the decision to choose FORDATA VDR was made basing also on the possibility to eliminate travel and hotels expenses which means lower Due Diligence process organisation costs.
Taking into consideration high security and document confidentiality requirements scanning took place at the company headquarters. Yet it did not influence the VDR launching date. It took us only a few days to digitalize and upload documents to VDR. Good process organization allowed disclosing documents to investors in a very short time. Clear document structure and 24/7 access to VDR made the whole process run smoothly and comfortably for all the people involved in the transaction.
VDR provision period: 4 weeks
No of uploaded pages: 8 000
As a result of completed Due Diligence Vertex S.A. group changed its owner – Finish producer and supplier of a wide range of hardware and furnishing products, Pisla-Oy Ltd purchased 100% shares.
Pisla is one of the leaders on the Nordic market in that area and thanks to the acquisition of Vertex S.A. it also increased its product offer and strengthen its position on the market.
Vertex S.A. achieved new growth opportunities by access to new markets and enlargement of the products range.
The FORDATA input
FORDATA improved most of all the whole organisation of Due Diligence as well as entire Vertex documentation preparation. VDR allowed also running the process in an efficient and comfortable way for all transaction parties. It also made it possible to shorten the process duration as well as decrease its costs. Finally, using our data room influenced the image of the company in a positive way. It is perceived as an innovative company and the one operating according to international standards.
The project run smoothly and the best evidence of its success is the testimony of satisfied users:
Added value for Sell-side:
“Thanks to the cooperation with FORDATA we were better prepared for running Due Diligence project and we managed to organise our corporate documentation in a more efficient way. We value a lot team’s considerable involvement in the process organisation. Using FORDATA Virtual Data Room allowed us to complete the process faster and more effectively in comparison to traditional methods and what is very important it was managed in a highly secure and controlled environment.”
CEO Vertex S.A.
Added value for Buy-side:
“Access to documents using a web browser and without having to delegate our advisers to the headquarters of the company allowed us to substantially limit the costs of curring out the transaction process. The virtual data room itself provided comfortable work and the possibility to analyze documents from any place 24/7 cut the time needed to complete Due Diligence and make the final investment decision.”
Business Controller, Pisla Oy