#MEANING BANK MEMORANDA FULL#

It’s also known as the Offering Memorandum (OM) and Information Memorandum (IM), among other names.Īt the beginning of any sell-side M&A process, you’ll gather information on your client (the company that has hired you to sell it), including its products and services, financials, and market. The Confidential Information Memorandum is part of the sell-side M&A process at investment banks.

#MEANING BANK MEMORANDA FULL#

So here’s the full run-down, from how they are used in investment banking to private equity and beyond – along with a bunch of real-life CIMs: What is a CIM? There is surprisingly little information out there on what goes into a CIM, and there’s a lot of confusion over how you write one and how you read and interpret a CIM. Not necessarily, but they certainly help.īut you definitely need strong reading comprehension skills, or you’ll miss crucial information and make the wrong decisions as a result.īoth of these skills intersect in the confidential information memorandum (CIM) that investment banks prepare for clients – the same CIM that you’ll be spending a lot of time reading in private equity, corporate development, and other buy-side roles. Do you need strong writing skills to succeed in finance?

Meaning bank memoranda