Structured acquisition tenders

Tenders.

One deadline. Every bid on the table.

Formal, competitive tender processes where structure and transparency matter. We design the process, invite qualified buyers, and score every offer against criteria you set. Any sector, any market.

Run a structured processScore the bids yourself
Every bid lands together
1 day
Every bid lands together
Qualified bidders typical
4–8
Qualified bidders typical
Bidders under NDA
100%
Bidders under NDA

Tender Board

Project Meridian · process view

Deadline 00:00:05

BidderOffer

  • BID-A

    Sealed bidder

    Region · structure

    $000M

  • BID-B

    Sealed bidder

    Region · structure

    $000M

  • BID-C

    Sealed bidder

    Region · structure

    $000M

  • BID-D

    Sealed bidder

    Region · structure

    $000M

Bids sealed

Evaluation pending

Sectors covered: Digital Assets, SaaS, Fintech & Payments, Blockchain Infrastructure, Gaming & iGaming, Digital Media, E-Commerce, Emerging Markets, Cybersecurity, Digital Infrastructure

Competitive process. Structured outcomes.

Structure is what turns interest into competition.

Informal sales drift. Buyers set the pace, anchor low and pick at terms. A tender flips that: same rules, same information, same deadline for everyone.

For sellers

Make buyers compete on the same day.

A formal tender puts every qualified buyer on one timetable, one information set and one bid format. Price discovery is real, and nobody gets to stall.

  • Maximise value through simultaneous offers
  • Comparable bids, not a pile of different letters
  • A documented, defensible decision for your board

For buyers

Bid with a team that knows how tenders are won.

Signal formal interest in a listed or semi-public business, or compete in a process where regulation requires structure. We shape bids that score, not just bids that are big.

  • Bid strategy built around the evaluation criteria
  • Diligence run to the process deadline
  • Positioning for preferred bidder status

What we run end to end

  • Tender structure, timeline and evaluation criteria
  • Confidential Information Memorandum and data room
  • Qualified buyer identification and invitation
  • Process letter, NDA and bid format
  • Comparative bid analysis for the board
  • Preferred bidder negotiation through to settlement

Bid evaluator

The highest bid is not always the best bid.

Four real-shaped offers for the same business. Change what matters to you and watch the preferred bidder move. This is exactly how we score bids with our clients.

What matters to you

40%

Enterprise value offered

30%

Funding in place, approvals, track record

15%

Fewer conditions, cleaner close

15%

Team, brand and customers after close

Preferred bidder

Private equity sponsor $136M

Beats a higher $148M headline offer on deliverability and terms.

  1. 1

    Private equity sponsor

    $136M · 100% cash at completion

    89.3
  2. 2

    Family office

    $129M · Cash plus vendor loan

    85.0
  3. 3

    Listed consolidator

    $141M · 60% cash, 40% shares

    83.4
  4. 4

    Strategic trade buyer

    $148M · 70% cash, 30% earnout

    82.6

How bids get scored. Your criteria are agreed before a buyer is invited.

Set my criteria

The tender process

Five stages. One timetable everyone follows.

Every bidder gets the same information on the same day and bids to the same format. Most tenders run from design to completion in about four months.

Design my tender
  1. 01

    Process design

    Weeks 1–2

    We design the tender structure, timeline and evaluation criteria with you: what gets shared, the bid format, and how the preferred bidder is chosen.

    OutputProcess letter

  2. 02

    Materials preparation

    Weeks 2–5

    Confidential Information Memorandum, financial model and data room, built so qualified bidders can submit a fully informed offer.

    OutputCIM & data room

  3. 03

    Buyer invitation

    Weeks 5–6

    A curated list of qualified buyers is invited. Each one receives the process letter, NDA and memorandum on exactly the same timeline.

    OutputBidder shortlist

  4. 04

    Bid evaluation

    Weeks 8–10

    Every bid is scored against the agreed criteria: price, structure, conditions and strategic fit. You get a side-by-side analysis, not a gut feel.

    OutputEvaluation report

  5. 05

    Preferred bidder & close

    Weeks 10–16

    We coordinate with the preferred bidder, coordinate legal and financial diligence, and manage the deal through to signed close and settlement.

    OutputCompletion

Tender questions

Before you open the doors.

When is a tender better than a negotiated sale?

When there are several credible buyers, when your board needs a documented and defensible process, or when regulation requires one. If one buyer is clearly the right home, a negotiated deal is often faster. We will tell you which fits.

Will the highest bid always win?

No, and it should not. We agree the evaluation criteria with you up front. A slightly lower all-cash bid with no conditions often beats a bigger headline price that depends on earnouts, financing or approvals.

How do you keep the process confidential?

Every bidder signs an NDA before seeing anything. Information is released in stages through a controlled data room, and bidders never learn who else is in the process.

Can buyers hire you for a tender someone else is running?

Yes. We work with buyers on bid preparation, diligence and positioning so their offer scores well against the criteria, not just on price.

Do you only run tenders for digital businesses?

No. Digital, tech and financial services are where our buyer network runs deepest, but we operate in so much more. Any sector, any market. If you are planning a structured sale, we would love to hear about it.

Run a structured process.Let the buyers compete.

Selling through a tender, or bidding in one? Speak with our transaction team about how we can help.

Start a confidential conversation