The Challenge
Professionals at a European private equity house were managing debt financing processes manually.
Before sharing any information, NDAs were individually negotiated – this meant multiple rounds of comments and a multitude of different email chains.
Information packs were then shared via email to each individual lender, with significant time being spent copying and pasting the same information and manually inputting and checking the right recipients.
In order to gather lender feedback on key financing terms, the team would send term sheets individually to each lender via email. When responses arrived, a significant amount of time was spent collating all responses and comparing them against each other. Multiple rounds of negotiation meant even more emails and manually collated files.
The Solution
Through Termgrid’s Deal Execution module, the firm started using click-through NDAs including the ability to use bespoke NDAs for individual lenders agreed across different deals.
Deal information was uploaded once to the platform dataroom and permissioned to groups in bulk.
Lastly, digital term sheets, with redline and heatmap functionality, enabled the team to streamline their negotiations.
The Outcome
With Termgrid in place, the team estimated time savings of more than 90% across their NDAs, information dissemination and lender follow up. With digital termsheets, the team added a further 80% saving to their workload.
“Technology has taken a lot of the hassle out of getting NDAs signed and getting deal info into the right hands — it’s been a real upgrade for how we work. We used to spend way too much time on admin stuff — now it’s quicker, cleaner, and our bosses can actually see things getting done,” explained an investment analyst.
Try our time saving calculator now to see how your team could benefit.