The information memorandum (also known as a “teaser”) is in most cases an anonymised short presentation of the business up for sale.
If the teaser attracts broad interest, the interested party will receive
- upon signature of a Confidentiality agreement
- the Letter of Intent (LoI, also Memorandum of Understanding) which
- contains more detailed information
- may offer the basis for an initial ball-park offer by the party interested in buying.