[F.Scotta]

In the context of acquiring a business unit through a carve-out, I’m looking for insights into the standard practices regarding the transfer of the compendium (which includes the list of assets, contracts, liabilities, etc.). Specifically, is it more common for the compendium to be transferred as a condition precedent (CP) at the closing stage, or is it typically provided before the signing, forming the basis for the due diligence process?

I’m particularly interested in understanding whether the industry tends to deliver this detailed information early, allowing for thorough vetting during due diligence, or if it’s more typical to handle this post-due diligence and closer to the closing phase as part of final negotiations. Would appreciate hearing about experiences or best practices in similar carve-out deals!

[Author]

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