Page 35 - IVX Health
P. 35
Mergers and Acquisitions
Mergers and acquisitions process
Employee beneits due diligence work low
Info from Deal Team:
• Exclusive or auction • Management
Deal Team calls Lockton, • Bid due date presentation
01 Initiate project Lockton inquires about target, Execute NDA and engagement Deal Team shares deal • Working group list
letter
information
and asks Deal Team questions • Deal structure
• Amount of public debt • Draft purchase
agreement
• Offering memorandum
Arrange call with target to
02 Gather data Review preliminary information discuss documents and answer Target company provides Project manager reviews and
shares information with each
and request additional data
information
questions benefits expert
Employee benefits plans and Determine
related exposure portability Financial
03 Research and analysis Team assesses current employee Communicate with other assessment Recommendations and estimates
benefit plans
of NewCo costs
advisors (upon approval from Review draft purchase and
Deal Team) sale agreement for employee
benefit plan-related issues
Executive summary:
• Current and • Key indings
Due diligence report delivered to
04 Deliver findings Deal Team and review findings in Respond to follow-up questions Revise report based on additional pro forma • One-time
total cost of
and review additional info
findings
Deal Team call transaction-
risk related costs
• Red lags
IVX Health — Lockton Total Rewards Practice Overview 35 Lockton Companies
Mergers and acquisitions process
Employee beneits due diligence work low
Info from Deal Team:
• Exclusive or auction • Management
Deal Team calls Lockton, • Bid due date presentation
01 Initiate project Lockton inquires about target, Execute NDA and engagement Deal Team shares deal • Working group list
letter
information
and asks Deal Team questions • Deal structure
• Amount of public debt • Draft purchase
agreement
• Offering memorandum
Arrange call with target to
02 Gather data Review preliminary information discuss documents and answer Target company provides Project manager reviews and
shares information with each
and request additional data
information
questions benefits expert
Employee benefits plans and Determine
related exposure portability Financial
03 Research and analysis Team assesses current employee Communicate with other assessment Recommendations and estimates
benefit plans
of NewCo costs
advisors (upon approval from Review draft purchase and
Deal Team) sale agreement for employee
benefit plan-related issues
Executive summary:
• Current and • Key indings
Due diligence report delivered to
04 Deliver findings Deal Team and review findings in Respond to follow-up questions Revise report based on additional pro forma • One-time
total cost of
and review additional info
findings
Deal Team call transaction-
risk related costs
• Red lags
IVX Health — Lockton Total Rewards Practice Overview 35 Lockton Companies
