Process Buy Side M&A

Hi, I'd like to have a fairly structured and concise answer for presenting a buy-side process at an interview. 

Could you tell me if this sounds ok to you or pretty bad pls ? 

  • Receipt of a customer request (signature of an NDA (?))
    • Contact with the company, if interested, receipt of an IM 
    • Valuation of the company
    • NBO 
  • If selected, due deal 
  • Negotiation 
  • Closing
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