Trees | Practical Law

Trees | Practical Law

Trees

Trees

Practical Law Glossary Item 8-382-3883 (Approx. 2 pages)

Glossary

Trees

In connection with staple financing provided by an investment bank to multiple bidders for the acquisition of a target company, business jargon for the various teams of investment bankers and their legal counsel working with each of the bidders. Trees are established to maintain confidentiality so that the investment bankers and attorneys representing a bidder on one "tree" will not share confidential information with investment bankers and attorneys on another "tree".