The insolvency administrator or the intermediary contacts potential buyers and provides them the company presentation of the Target

The Buyer employs Eurasian Consulting ("EC") as adviser. EC assist in entering the sale process

The Buyer signs NDA with the Target

The Buyer receives Info Memo

The project proceeds forward according to the requirements made by the insolvency administrator in the Process Letter

EC and the Buyer prepare and submit Non-binding Offer in accordance with the sale process

The insolvency administrator selects some potential buyers to enter the next step

EC will organize the two sides to exchange visits if needed

EC organizes Due Diligence regarding finance, law, environment and tax ect.

Q&A Session

EC summarizes the results of Due Diligence

EC completes the company valuation of the Target

After being confirmed by the Buyer, EC drafts and submits the Binding Offer

EC organizes negotiation between the two sides

EC assists the Buyer and its legal adviser in drafting and preparing M&A contract and other related documents

The Seller and the Buyer sign the Contract

Depending on the situation, EC will organize direct talks between the Buyer and the insolvency administrator, as well as road show etc.

The creditors take a vote

Submitting application for approval of or filing to Chinese supervision departments (NDRC, MOC, SAFE and SASAC)

Submitting application for approval of Antitrust Department in Germany

Closing after being approved