As part of any "sell side" (or "procurer side") transaction advisory mandate, DCS advisors provide their public and private sector clients with Virtual Data Room (VDR) Administration services. Administering a VDR is closely linked with our due diligence coordination services that we would administer in the case of a "sell side" PPP/P3, M&A or privatization, project financing or capital fundraising transaction advisory mandate. In each of these processes, the VDR will serve as a secure and encrypted virtual repository for a significant amount of confidential and non-confidential information related to the project, asset, business and related management, legal, technical, market and commercial elements of the transaction. Qualified bidders, who have executed, in most cases, a non-disclosure agreement (NDA) will be given individual password protected account to the VDR. Bidders will access the VDR for the purpose of completing their due diligence, necessary for them to provide a binding bid offer.
There are numerous VDR technology platforms available, each having different features and different pricing. We can assist our clients in selecting the most appropriate and best-value VDR technology platform for their particular transaction. Most of these platforms offer features that allow us to monitor each bidder's activities and pinpoint data such as which files are accessed and downloaded, which personnel (and advisors) are active and how much time is spent in the VDR reviewing particular materials. As we are managing the process and the levels of interest of the bidders, these features can provide our clients with valuable information as to which bidders are most active and seem to be most engaged in the process. Particularly in a transaction process where there may be many bidders of varying levels of activity and interest, this information can help us focus on the subset of bidders who have been demonstrating the most activity and interest in the transaction. Focusing on and ensuring that these bidders are getting all necessary information and support on a timely basis is important element in our main objective to obtain the most informed and best-value bid on behalf of our client.
DCS advisors are able to provide VDR administration services on a stand-alone basis on behalf of clients who are pursuing a PPP/P3, project financing, M&A/privatization or capital fundraising transactions. In most cases, as VDR administration services will be only one element of a larger project delivery program, DCS will also be providing numerous other complementary transaction advisory services in relation to other transaction elements. Our preference is always to provide such comprehensive transaction advisory services and coordinate all elements of the transaction, including project financing on behalf of our clients.
Under any VDR administration advisory mandate, DCS will draw from our global network of veteran industry expert advisor affiliates and our relationship consultants in order to assemble the most appropriate team to match the specific needs of the transaction at hand. This will always include leadership of DCS affiliate experts who possess decades of global public and private sector experience related to the specific sector and transaction type. In any VDR administration services mandate, our preferred role is always to serve as the lead project/program manager. Within this role we are also able to assist in the selection and procurement (or subcontracting) and management of the VDR technology platform as well as other advisors and consultants, including local and international legal, tax, commercial advisors or other specialized advisors, as the specific transaction may require. To the extent that other third-party advisors are required, there are many value added advantages of allowing DCS to assist in the procurement of these advisors. First, DCS expert affiliates themselves possess many of the legal, technical and commercial skill sets and we are best positioned to determine which additional outside third-party skill sets are required and which firms or individuals should be hired in these roles. Secondly, VDR administration is often very complex undertaking, requiring the management and coordination of many simultaneous workstreams. DCS advisors are experts in project and program management services and are ideally suited to manage and coordinate a multi-dimensional advisory team most efficiently and effectively.
Complementing our VDR administration services, DCS advisors offer the following complementary advisory services that may be applicable, dependent on the specific transaction situation.
DCS experts provide VDR administration services in the following sectors that we specialize in. Please click on the below links to learn more about the sectors that we cover:
DCS experts provide comprehensive VDR administration services to the following categories of clients: