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Mergers and acquisitions
Mergers and acquisitions process
Employee beneits due diligence work low
Info from deal team:
• Exclusive or auction • Management
Deal team calls presentation
01 Lockton, Lockton Execute NDA and Deal team shares deal • Bid due date • Working group list
inquires about
• Deal structure
Initiate project target and engagement letter information • Amount of public • Draft purchase
asks deal team
agreement
questions debt
• Offering
memorandum
02 Review preliminary Arrange call with target Target company provides Project manager reviews and shares information with
information and
to discuss documents
Gather data request additional and answer questions information each beneits expert
data
03 Team assesses Employee benefits plans Determine assessment
Financial
and related exposure
portability
Research and current employee Recommendations and estimates of NewCo costs
benefit plans
Review draft purchase and sale
analysis Communicate with other agreement for employee beneit
advisors (upon approval
from deal team) plan-related issues
Executive summary:
04 Due diligence Respond to follow-up Revise report based on • Current and pro • Key indings
report delivered
questions and review
forma total cost of
to deal team and
Deliver findings review findings in additional info additional indings risk • One-time
transaction-related
deal team call
• Red lags costs
Family Allergy & Asthma — Lockton Total Rewards Practice overview 41 Lockton Companies
Mergers and acquisitions process
Employee beneits due diligence work low
Info from deal team:
• Exclusive or auction • Management
Deal team calls presentation
01 Lockton, Lockton Execute NDA and Deal team shares deal • Bid due date • Working group list
inquires about
• Deal structure
Initiate project target and engagement letter information • Amount of public • Draft purchase
asks deal team
agreement
questions debt
• Offering
memorandum
02 Review preliminary Arrange call with target Target company provides Project manager reviews and shares information with
information and
to discuss documents
Gather data request additional and answer questions information each beneits expert
data
03 Team assesses Employee benefits plans Determine assessment
Financial
and related exposure
portability
Research and current employee Recommendations and estimates of NewCo costs
benefit plans
Review draft purchase and sale
analysis Communicate with other agreement for employee beneit
advisors (upon approval
from deal team) plan-related issues
Executive summary:
04 Due diligence Respond to follow-up Revise report based on • Current and pro • Key indings
report delivered
questions and review
forma total cost of
to deal team and
Deliver findings review findings in additional info additional indings risk • One-time
transaction-related
deal team call
• Red lags costs
Family Allergy & Asthma — Lockton Total Rewards Practice overview 41 Lockton Companies
