In the US and EU, M&As are usually executed using a structured auction process - how's that for Japan?
Hey Monkeys,
I was wondering if anyone could shed some light on Japanese sellside processes?
In the US and EU, when a mandate is granted, the bankers typically structure a competitive auction (broad or narrow, depending on required level of confidentiality) unless a pre-emptive bidder emerges (that's my experience at least).
Is that the same for the average sellside process in Japan? And if not, how are these processes structured?
Thanks!