During my work experience, I got involved with an acquisition. And my job was to set up the data room for the due diligence phase.

My task was fairly simple but extremely time-consuming. Recall that during the due diligence the acquiring company is allowed to analyze and examine corporate documents of the acquired company. The law firm I was practicing with used a virtual data room, and I had to read through and organize all the corporate documents. This has greatly increased my knowledge on the topic.

Traditionally during mergers and acquisitions, a physical room is used for all corporate documents, where the bidder is allowed to view the documents while being monitored. This process is, as you might guess, very expensive and time-consuming. Therefore, virtual data rooms are typically used, providing a secure database of confidential information.

I have further deepened my knowledge of M&A, and I will be looking forward to more work.