Series 79: Confidential Information Memorandum

Confidential Information Memorandum

Relatively early in the process of preparing for a sale, the sell-side team creates a confidential marketing document describing the target and the proposed transaction. This confidential offering document, known as the confidential information memorandum (CIM) or simply the “book,” is typically a glossy, relatively lengthy marketing document for the target. Unlike the fairly generic and much shorter teaser, the CIM contains detailed, confidential information about the target. T