How does ARTHOS successfully manage your M&A process?

And how do we secure the optimal purchase price with transaction certainty? Process quality determines outcome. From positioning through to final negotiation, we orchestrate a structured, competitively tensioned process – securing both a high degree of transaction certainty and an attractive purchase price.

Optimal Purchase Price & Maximum Transaction Certainty

An M&A process runs in parallel with day-to-day operations – discreetly, with considerable complexity and of high strategic importance. In this demanding environment, we help you to ensure you preserve all strategic options and manage the process in a structured manner, with a clear focus on transaction certainty and achieving the best possible purchase price.

Drawing on well-founded sector expertise, we assess your business, its financial metrics, market positioning and strategic objectives with precision. This enables us to identify robust value drivers and synergy potential, while managing the process based on our extensive M&A experience with strategic clarity, operational discipline and a high degree of execution certainty.

 

Arne Tödt und Arno Pätzold - über 200 Tech-M&A-Transaktionen

The M&A process architecture directly impacts purchase price, transaction certainty, and outcome:

How is genuine bidder competition created?

How is completion certainty increased?

How is negotiating leverage preserved?

 The M&A Process with ARTHOS: ARTHOS is Both Architect and Manager of Your Entire M&A Process

We design and manage a bespoke M&A process tailored to your objectives – from identifying suitable investors, strategic positioning, targeted buyer outreach, building deal momentum, data room preparation, due diligence to leading the negotiating team. Our experienced M&A partners lead the process personally, with deep tech sector expertise, a clear focus on attracting high-quality investors, maximising transaction certainty and achieving the best possible purchase price.

Graphic of M&A-Process for Sell-Side

Preparation | 2 months: Marketing Materials and Investor Universe

  • M&A project objectives, company analysis, and valuation
  • Information memorandum (IM) and teaser
  • Long list and short list of potential investors
  • Process letter and NDA

Approach | 2 months Securing Relevant Investors

  • Initial contact: telephone call, teaser
  • Exchange of NDAs and IM with potential investors
  • Video meeting for Q&A and brief presentation
  • Request indicative offers

Deal phase | 2 months: LOI with Preferred Investors

  • Management meetings with preferred investors
  • Clarification of questions, drafting of Letter of Intent (LOI)
  • Preparation and set-up of virtual data room (VDR)
  • Execution of LOI

Execution | 2 months: Transaction Completed

  • Management of due diligence, including VDR
  • Solicitation of share purchase agreement (SPA) offers
  • Commercial advice in SPA negotiations
  • Coordination of contractual negotiations and closing

Tailored M&A Processes: A Tailored M&A Process Increases the Likelihood of Success

No two transactions are alike. We therefore align the M&A process consistently with your objectives – with regard to timing, tactics and a clear focus on the relevant buyer groups. Our Tech M&A experience enables us to identify which investors to approach, when to engage them, and how to build targeted deal momentum. This is how we create genuine alternatives, better comparability and a stronger negotiating position.

Examples of Tailored M&A Process Adjustments:

  • Giving strategic buyers a genuine deal opportunity

    In dual-track processes, we approach strategic acquirers and private equity investors in a targeted and carefully sequenced manner. This gives strategic buyers a realistic decision-making window without compromising overall process momentum or competitive tension.
  • Market sounding ahead of process
launch
    Before launching a broad process, it may in selected cases be appropriate to validate market and buyer interest with a limited number of prospective acquirers. This provides early, reliable market feedback and helps avoid unnecessary process risk.
  • Accelerated process
execution
    Where speed is critical, we shorten the process in a targeted manner – for instance, through pre-arranged investor discussions or focused roadshows.
  • Creating credible alternatives to the preferred buyer
    Where an attractive investor signals an intention to buy, we build credible alternatives in parallel. This ensures you do not negotiate from a defensive position, but with strategic optionality, increased competitive tension and greater transaction certainty.

Which process suits your objectives?

A confidential initial discussion offers an early assessment of your market window, your company’s situation, and possible strategic options.

Discuss your options

The M&A process describes the structured design and execution of a corporate transaction – in this case, specifically a company sale. It encompasses strategic preparation, the identification and targeted approach of relevant acquirers, the deal phase through to the LOI, and the execution phase, including due diligence and share purchase agreement negotiations.

For ARTHOS, what matters is not only strategic positioning, but also the tactical design of the process itself. This is how ARTHOS creates strong deal momentum. A well-designed process architecture is a key value driver – and this is precisely what we apply consistently to every transaction.
Discuss the M&A process

A professionally managed sell-side process is structured into four phases:

  • Preparation (e.g. analysis, valuation logic, information memorandum/teaser, investor list, process letter, and NDA)
  • Approach (initial contact, NDA/IM exchange, Q&A, indicative offers)
  • Deal phase (management meetings, resolution of open questions, LOI preparation and execution, set-up of the virtual data room, VDR)
  • Execution phase (due diligence in the VDR, solicitation of purchase agreement offers, commercial support during contract negotiations, coordination of negotiations)

At ARTHOS, we manage this process from the outset through to closing – personally led by experienced M&A partners.
Discuss the M&A process

The objective is a process that addresses attractive acquirers, builds deal momentum, and preserves the seller’s negotiating strength. This typically results in a high transaction certainty and an attractive purchase price.

ARTHOS pursues these objectives consistently in every transaction, with full control over the process.
Discuss the deal potential

A good M&A process is clearly structured, discreetly managed, and precisely calibrated – both in timing and tactics – to the seller’s objectives. It creates genuine alternatives by approaching suitable buyer groups, thereby contributing to bidder competition, better comparability, and a stronger negotiating position.

In a good M&A process, attractive acquirers with commercial synergies are not eliminated prematurely for reasons of timing. In other words, through sound time management, strategic acquirers who can realise synergies – but for whom M&A is not their core business – are also given a genuine chance to reach a successful conclusion.

With this ambition, ARTHOS designs and runs M&A processes – because the difference between a solid and an excellent process is often decided by smart details.
Discuss your strategic options