Managing Bidder Access
Configure tiered bidder permissions for sell-side M&A processes. Initial bidders, shortlisted bidders, and final-round access management.
Video tutorial
10 min · Bidder access management
What you'll learn
Master the bidder tier model that maintains competitive tension in your sell-side process while ensuring each bidder sees only the appropriate information.
- Designing a tier model that maintains competitive tension
- Creating permission groups and assigning bidders
- Staging disclosure through process rounds
- Monitoring bidder activity to identify the most serious buyers
Step-by-step walkthrough
The bidder tier model
Why tiered access matters — controlling information disclosure to maintain competitive tension in the auction.
Creating permission groups
Set up groups for Initial Bidders, Shortlisted Bidders, Final Round, Counsel, and Advisors — each with separate access.
Configuring group-level access
Apply folder and document-level permissions to each group. Hide confidential materials from initial bidders.
NDA click-through workflows
Require bidders to accept your NDA before accessing the data room. Track NDA acceptance in the audit log.
Time-limited and staged access
Set access to expire at round deadlines. Stage disclosure as the process advances through rounds.
Advancing bidders between rounds
Move bidders from Initial to Shortlisted to Final Round with bulk permission changes. Add or remove bidders at any stage.
Monitoring bidder activity
Use engagement analytics to identify the most active and serious bidders before advancing them.