SAN FRANCISCO--(BUSINESS WIRE)--SRS | Shareholder Representative Services, the post-closing expert for private company mergers and acquisitions, today announced the availability of SRS MAX™, an innovative reporting tool that will change the way dealmakers assess transaction documents. Powered by proprietary technology designed and developed by SRS, the tool uses SRS’ extensive database of deal points, indemnification claims experience and insight into best practices from hundreds of M&A transactions. SRS MAX synthesizes M&A data into customized reports that summarize relative levels of risk, market benchmarks, and likely outcomes that were previously very difficult to determine and apply to specific transactions.
Until now, dealmakers looking for benchmarks and best practices to evaluate a given deal needed to review hundreds of disparate resources. Individuals going through a merger for the first time faced steep learning curves and had difficulty ascertaining which information was relevant to their deal and how best to use it. Even experienced dealmakers did not necessarily have an efficient way to reference or incorporate data points, evaluate risks and determine market comparisons. With SRS MAX, merger parties now have the ability to review a single report that illuminates their specific merger agreement by incorporating the best and most relevant data and commentary directly into the document. The applicable information appears directly across from the related section so parties can quickly understand the practical effects of various deal terms.
"When negotiating to sell a portfolio company, having an objective and current sense of comparable market data is invaluable," said David Stepp, General Counsel of Venrock. "The availability of SRS MAX makes the M&A process that much more efficient and transparent, because it helps put relevant data and analysis at your fingertips."
“Only SRS has the experience that makes this customized deal analysis possible,” said Paul Koenig, Managing Director at SRS. “No one else has seen the full lifecycles of hundreds of deals through final escrow release. With SRS MAX, we now have the technology and information that allow us to deliver the benefits of this expertise more effectively.”
SRS MAX leverages SRS’ proprietary pool of data from the firm’s experience as the leading shareholder representative on more than 300 deals valued in excess of $35 billion in aggregate. The technology that drives SRS MAX decompiles the relevant studies and materials and applies the following information directly to merger agreements:
- The latest deal terms and post-closing claims data
- Links to articles covering pre-closing tips and best practices to mitigate post-closing risk
- Indemnification claims analysis
- Additional comments from a post-closing expert
“Practitioners have been collecting valuable data on merger agreement terms for years. The challenge for management teams and their advisors has been trying to determine which data points are most relevant to their deal and how best to use that information,” said Hal Leibowitz, Partner at WilmerHale. “The reports generated by MAX can simplify that process and facilitate a practical and efficient discussion between attorney and client on how market data may impact their consideration of various deal terms.”
SRS MAX is provided as a pre-closing service when SRS is engaged as shareholder representative. Additionally, SRS clients and partners will still have access to the analysis and tips that are published periodically in the SRS M&A Deal Terms Study, SRS M&A Post-Closing Claims Study and Tales from the M&A Trenches.
Understanding market terms and what can go wrong after closing is essential. Buyers and sellers both prefer to avoid post-closing conflicts. Unfortunately, the majority of private company M&A deals have post-closing issues, which can result in increased costs for buyers and undercut returns for selling shareholders. The availability of accessible data can impact the overall success of the merger and help mitigate post-closing risks.
Visit www.shareholderrep.com/max to download a brochure that illustrates how SRS MAX works.
SRS | Shareholder Representative Services is the global expert in professionally managing the post-closing process to safeguard the selling shareholders' interests in private company M&A transactions. As the shareholder representative, SRS manages all post-closing matters, including working capital and other purchase price adjustments, tax reviews, earnouts, the handling of claims, disputes and litigation, communications with acquirers and selling shareholders, and management and distribution of escrow and expense funds.
SRS has a senior-level team of more than 35 attorneys, financial professionals, and operations and systems experts and the most sophisticated operational, tracking and reporting systems ever used by a shareholder representative. On deals valued in excess of $35 billion in aggregate, SRS has represented more than 400 venture capital and private equity firms and over 35,000 shareholders in 44 countries. No one has as much knowledge and experience in serving as a shareholder representative and navigating the issues that arise post-closing as SRS. For more information visit www.shareholderrep.com.