Goldman Sachs accelerates high-volume NDA execution with SS&C Intralinks Deal Services

Overview

A Goldman Sachs deal team was advising on a spinoff continuation vehicle involving multiple financial advisors and outreach to hundreds of counterparties. The scale of the process created significant complexity around NDA management and diligence coordination.

Seeking a more reliable platform, a predictable commercial structure and hands-on operational support, the team selected SS&C Intralinks Deal Services to manage their entire NDA workflow.

Situation

The deal team initially hosted a sale process on another provider’s platform. Functionality limitations, a 48-hour platform outage and limited pricing transparency prompted the team to explore alternative solutions for the spin-off continuation vehicle process.

Given the scope and complexity of the transaction, managing NDAs and coordinating diligence placed significant demands on the deal team. Goldman Sachs sought a solution that could simplify these processes, provide greater confidence in execution and reduce the operational burden on its bankers so they could remain focused on the transaction.

Solution

SS&C Intralinks worked closely with the deal team to scope the engagement and determine how best to support the transaction. Given the large pool of potential investors, the deal team chose to outsource the NDA management to Intralinks. This reduced the internal coordination required among external counsel and advisors while providing greater commercial transparency through a single vendor and work order for both services and software.

The Intralinks Deal Services team aligned with the client, advisors and counsel to translate the transaction parameters into a clearly defined, actionable NDA workflow. Intralinks managed the full NDA life cycle — from processing drafts to managing negotiations and execution agreements across hundreds of counterparties — allowing the deal team to focus on higher-value execution priorities.

“The level of transparency and communication was outstanding. The Intralinks team was extremely organized, proactive and communicative throughout the entire process. We received regular, structured updates that kept both the GS team and our client fully aligned, eliminating any guesswork and significantly reducing email traffic. This rapid turnaround kept our transaction timeline on track and ensured we maintained strong momentum during the critical early stages of the deal.” – Senior Associate, Goldman Sachs

“Intralinks engaged directly with counterparties in a highly professional and consistent manner. Their ability to manage negotiations and minimize unnecessary escalation contributed to a smooth and well-run process. The team appropriately flagged non-standard or sensitive comments, ensuring the client and advisors could quickly weigh in where needed without being burdened by routine items.” – Associate, Goldman Sachs

Benefits

By managing the NDA workflow from start to finish, Intralinks saved the junior team approximately 70 hours. The service also delivered greater economies of scale than using external legal resources: the NDA Services engagement cost $15k, compared with an estimated $30k–$50k through external law firms, while maintaining the highest level of support.

“The team’s proactive NDA follow-up approach was highly differentiated. Intralinks consistently followed up on outstanding NDAs within 24 hours, materially improving turnaround times and keeping counterparties engaged. Compared to traditional outsourcing to external legal counsel, Intralinks Deal Services were far more efficient and cost-effective. It eliminated the typical back-and-forth delays and high hourly fees, providing a streamlined, scalable solution that delivered superior results.” – Senior Associate, Goldman Sachs

The successful engagement led another Goldman Sachs deal team to select Intralinks NDA Services for a subsequent transaction.

“The overall experience with the Intralinks NDA platform was amazing. Our client was extremely happy with the seamless execution and the professional outcome. For other GS teams managing high-volume buyer outreach, this service is a game changer for risk management, operational efficiency and maintaining deal momentum. The GS team will most definitely leverage this service again for future transactions.” – Senior Associate, Goldman Sachs