process-letter
Draft process letters and bid instructions for sell-side M&A processes. Covers initial indication of interest (IOI) instructions, final bid procedures, and management meeting logistics. Triggers on "process letter", "bid instructions", "IOI letter", "bid procedures", "final round letter", or "management meeting invite".
- Installs
- 971
- Last 24h
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- Trending rank
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- Security
- Not audited
Install
Works with every agent the skills CLI supports.
npx skills add https://github.com/anthropics/financial-services --skill process-letter- 01
Install
Run the command in your project. The CLI asks which agents to install for.
- 02
Describe the task
Ask your agent for something this skill covers. It loads process-letter automatically when relevant.
- 03
Review the result
The agent follows the SKILL.md steps, scripts and references bundled with the skill.
SKILL.md
The instructions your agent reads when the skill is triggered.
Process Letter
Workflow
Step 1: Determine Letter Type
- Initial process letter: Sent with teaser/CIM to outline the process and IOI requirements
- IOI instructions: Specific requirements for first-round indications of interest
- Second round / final bid letter: Instructions for submitting binding offers after diligence
- Management meeting invitation: Logistics for in-person management presentations
Step 2: Initial Process Letter / IOI Instructions
Header:
- Date, deal code name
- "Confidential"
- Addressed to prospective buyer
Sections:
- Introduction: Brief overview of the opportunity and the seller's objectives
- Process Overview: Timeline, key dates, expected number of rounds
- IOI Requirements: What to include in the initial indication:
- Proposed valuation range (enterprise value)
- Consideration form (cash, stock, earnout, rollover)
- Financing sources and certainty
- Key due diligence requirements
- Indicative timeline to close
- Any conditions or contingencies
- Brief description of the buyer and strategic rationale
- Submission Details: Where to send, deadline (date and time), format
- Confidentiality Reminder: Reference to NDA, data room access
- Contact Information: Banker contacts for questions
Step 3: Final Bid / Second Round Letter
Additional requirements beyond IOI:
- Markup of purchase agreement: Provide the draft SPA/APA and request markup
- Detailed financing commitments: Committed financing letters required
- Remaining diligence items: Specify what confirmatory diligence is expected
- Exclusivity terms: Duration and conditions of any exclusivity period
- Regulatory analysis: Antitrust filing requirements and timeline
- Key personnel terms: Employment agreements, compensation, rollover equity
- Binding vs. non-binding: Clarify what is binding at this stage
- Evaluation criteria: How bids will be evaluated (price, certainty, speed, fit)
Step 4: Management Meeting Invitation
- Logistics: Date, time, location (or video link), duration
- Attendees: Who from the company will present, who from the buyer should attend
- Agenda: Typical management presentation agenda (overview, financials, operations, growth, Q&A)
- Ground rules: No recording, confidentiality, questions format
- Materials: What will be distributed (presentation deck, data room access)
- Follow-up: Process for submitting additional questions after the meeting
Step 5: Output
- Word document (.docx) with professional letter formatting
- Firm letterhead placeholder
- Track changes version for client review
Important Notes
- Process letters set the tone for the entire deal — be clear, professional, and organized
- Deadlines should be firm but reasonable — typically 2-3 weeks for IOIs, 3-4 weeks for final bids
- Always include the evaluation criteria — buyers want to know how they'll be judged
- Coordinate with legal on any representations or commitments in the letter
- Client should review and approve before sending — they may want to adjust tone or terms
- Keep a log of who received each letter and when — this becomes the process tracker
FAQ
What does the process-letter skill do?
Draft process letters and bid instructions for sell-side M&A processes. Covers initial indication of interest (IOI) instructions, final bid procedures, and management meeting logistics. Triggers on "process letter", "bid instructions", "IOI letter", "bid procedures", "final round letter", or "management meeting invite".
How do I install process-letter?
Run npx skills add https://github.com/anthropics/financial-services --skill process-letter in your project. The skills CLI detects the agents you use and copies the skill into the right folder. For Claude Code you can also place the skill folder at ~/.claude/skills/process-letter/ (personal) or .claude/skills/process-letter/ (project).
Which AI agents can use process-letter?
Any agent that supports the open Agent Skills format (a folder with a SKILL.md file), including Claude Code, Codex, Cursor, GitHub Copilot, Gemini CLI, Windsurf, Cline, OpenCode and more.
Is process-letter safe to install?
No partner security audit is available yet. Skills can run commands and scripts, so read the SKILL.md and any bundled files before installing.
Who maintains process-letter?
It is published by anthropics in anthropics/financial-services, and it is an official skill from the maker of the technology it covers. It has 971 recorded installs.
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