Does anyone have a template for IOI (Indication of Interest)? Is it drastically different from an LOI?
The Stanford Exhibits includes templates for an LOI, but I didn't see any IOI template.
Thanks in advance.
Vijay
IOI Template?
by a searcher from The University of Chicago - Booth School of Business
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LOI's tend to have time periods for exclusivity, NDA's, and potentially even a small fee for not going through. LOI's, in my experience, are serious and unless you're well funded or executing multi-strategy you should only have one LOI out there. You have a tight price range and valuation methodology outlined in the LOI and potentially
IOI is way less serious - you provide a wide range of valuations, how you'd value the business, what diligence points you're looking at and timeline. IOI's include info about the buyer and stuff to help it stand out. I'd say IOI's are only necessary where the seller has a defined process they are filtering out many buyers.