What is a CIM?
A Confidential Information Memorandum (CIM) — also called an Offering Memorandum or Info Memo — is the single most important document in a sell-side M&A process. It is a 40-60 page document that tells a company’s story to potential buyers: what the business does, why it is attractive, how it has performed financially, and what growth opportunities exist. Think of it as the “pitch book for the company being sold.” The CIM is distributed only to potential buyers who have signed a Non-Disclosure Agreement (NDA). Before the NDA, buyers see only the anonymous teaser. The CIM is where the real information lives — financial statements, customer data, operational details, and growth projections. It is the foundation on which buyers build their valuation and decide whether to submit an indication of interest.Every major M&A transaction involves a CIM. Investment banks like Goldman Sachs, Morgan Stanley, and boutiques like Houlihan Lokey and William Blair all produce CIMs following similar structures, though formatting and emphasis vary by firm and industry.
Command Syntax
What It Produces
A 40-60 page CIM with standard sections: executive summary, company overview, industry overview, growth opportunities, customers and sales, operations, financial overview, and appendices.How to Customize
- To match your firm’s CIM template, edit the
cim-builderskill file with your formatting standards - To connect to client data rooms, configure file access in
.mcp.json
Related
- cim-builder skill — the skill loaded by this command
- /teaser command — the anonymous teaser sent before the CIM
- /process-letter command — process correspondence sent alongside the CIM