Short Form Auction Confidentiality Agreement for Buyouts
(May 2019)
A draft outline of a confidentiality agreement between investors and entrepreneurs. The BVCA recommends that entrepreneurs seek professional advice.
The BVCA Legal & Accounting Committee, working with leading investment banks and the legal community in the UK, has amended the standardised confidentiality agreement for use in buyout investments, originally produced in 2014.
The revised form of NDA contains new paragraphs dealing with (i) exclusivity arrangements with finance providers, (ii) disclosure to potential equity finance providers, co-investors or consortium members, and (iii) data protection provisions (to address the concern where bidders outside the EEA on a transaction receive personal data).
We have also produced a 'Back to Back Agreement' for lenders and advisers which can be used in conjunction with this standard form confidentiality agreement.