Privacy Policy Draft; Collection and Processing of Personal Data

Introduction

Silver Era Transition is committed to protecting the privacy and security of personal information. This section of our Privacy Policy outlines the types of personal data we collect, the purposes for which we collect it, and the lawful bases under the General Data Protection Regulation (GDPR) that justify these processes.

Types of Personal Data Collected

We collect the following categories of personal information.

1. Contact Information

To communicate with buyers and sellers, including but not limited to email addresses and phone numbers.

• Purpose
• The primary purpose for collecting contact information such as email addresses and phone numbers is to enable direct communication between Silver Era Transition and its clients. This communication is essential for providing updates on potential matches, discussing transaction details, and offering customer support.
• Lawful Basis
• The collection of contact information is primarily based on the performance of a contract. Engaging with [Your Company Name]'s services forms a contractual relationship, where effective communication is a fundamental part. Consent may also play a role, especially in marketing communications, where individuals have the option to opt-in or out.

2. Financial Details of the Business Being Sold

To assess and facilitate the matching of buyers and sellers based on the financial criteria of the businesses involved.

• Purpose
• Financial details are collected to accurately assess the value and suitability of businesses within the M&A process. This information allows Silver Era Transition to match sellers with buyers who have similar financial expectations and capacities.
• Lawful Basis
• The processing of financial details is necessary for the performance of a contract where Silver Era Transition agrees to provide M&A matching services. Additionally, legitimate interests may serve as a basis when analysing market trends and opportunities without directly engaging in a contract.

3. Desired Spending Amount of a Buyer

Used exclusively to filter potential matches and not disclosed publicly.

• Purpose
• This information is used to filter potential matches, ensuring that buyers are only presented with businesses that fall within their investment criteria. It enhances the efficiency of the matching process and ensures relevance.
• Lawful Basis
• The processing is underpinned by the performance of a contract and legitimate interests. It is in the interest of both Silver Era Transition and its users to facilitate matches that are financially feasible and aligned with the buyer's expectations.

4. General Company Information

Such as company size, industry sector, and other relevant operational details.

• Purpose
• Collecting information about the company's size, industry sector, and other operational details enables Silver Era Transition to create a comprehensive profile for matching purposes. This data helps in identifying the best potential matches based on business characteristics and market needs.
• Lawful Basis: The lawful basis here is the performance of a contract, as this information is crucial for fulfilling the service agreement. Legitimate interests also apply, as the data supports Silver Era Transition in market analysis and service improvement.

5. Location of the Company

To enable geographically relevant matches between buyers and sellers.

• Purpose
• Location data is vital for matching companies geographically, which can be a critical factor in M&A transactions. It allows for the consideration of logistical, regulatory, and strategic factors that are location dependent.
• Lawful Basis
• Similar to other categories, the processing of location data is justified by the performance of a contract and legitimate interests. Ensuring geographically relevant matches improves the service's effectiveness and efficiency.

Implementation of Data Protection and Rights

Silver Era Transition not only adheres to the lawful bases for processing personal data but also implements robust measures to protect the data subjects' rights, including:

• Data Minimization

Ensuring that only necessary data is collected for the specified purposes.

• Accuracy

Keeping personal data accurate and up to date.

• Storage Limitation

Retaining personal data only for as long as necessary for the purposes for which it was collected.

• Security

Implementing appropriate technical and organizational measures to safeguard personal data against unauthorized or unlawful processing and against accidental loss, destruction, or damage.

Lawful Bases for Processing Personal Data

The processing of your personal data is based on the following lawful bases:

1. Performance of a Contract

The processing of contact information, financial details, and general company information is necessary for the execution of the contract between Silver Era Transition and its clients, facilitating the M&A matching process.

2. Legitimate Interests

We process certain data based on the legitimate interests pursued by Silver Era Transition or a third party, provided these interests do not infringe on the rights and freedoms of data subjects. This includes using general company information and location data to identify market trends and opportunities.

3. Compliance with Legal Obligations

In some instances, we are obligated to process personal data to comply with legal requirements, such as regulatory due diligence, and the prevention of fraud and money laundering.

4. Consent

Where the above bases are not applicable, we process data based on explicit consent obtained from data subjects. This consent can be withdrawn at any time by the data subject.

Purposes of Processing

Silver Era Transition processes the collected personal data for the following purposes.

• To facilitate the matching of buyers and sellers in the M&A industry using our AI search engine.
• To communicate effectively with clients and provide relevant opportunities.
• To comply with regulatory and legal obligations.
• To enhance our services and develop new offerings based on market analysis.

Rights of Data Subjects

Under the GDPR, data subjects have rights including access to their personal data, rectification, erasure, and the right to object to processing. Silver Era Transition is dedicated to upholding these rights and provides mechanisms for individuals to exercise them.

Data Protection and Security

We implement appropriate technical and organisational measures to ensure a level of security appropriate to the risk, in accordance with GDPR principles.

Management of the website

For the purpose of proper management of the site, the controller may at any time:

• suspend, interrupt, reduce or decline the access to the website for a particular category of visitors.
• delete all information that may disrupt the functioning of the website or conflicts with national or international laws or is contrary to internet etiquette.
• make the website temporarily unavailable in order to perform updates.

User Responsibilities and Liability Limitations

User Responsibilities

- As a user, it is your responsibility to ensure a secure connection to our website. This includes taking necessary precautions to safeguard your equipment and data from potential risks, such as viruses or other malicious software attacks, while navigating the internet. Additionally, you bear responsibility for the choices you make regarding the websites you visit and the information you decide to access.

Limitations of Our Liability.

Website Functionality

- We are not responsible for any disruptions, malfunctions, or interruptions that might affect the operation of our website, leading to temporary unavailability or loss of specific functionalities. Ensuring the uninterrupted and flawless functioning of the internet and our website cannot be guaranteed.

Legal Actions

- Should you face legal proceedings due to:

- The use of our website or any services accessed through the internet; or

- Non-compliance with the terms of this privacy policy.

- we will not be held accountable for any legal consequences that arise as a result.

Damages

- We are not liable for any harm or damages suffered by you, third parties, or your equipment stemming from your connection to or use of our website. By using our website, you agree not to pursue any legal actions against us in relation to such damages.

Rights in Case of User Misconduct

- In the event your actions on our website lead to a dispute involving us, we reserve the right to seek compensation for any damages that result from your misuse of our website.

By acknowledging these terms, you recognise your responsibilities and the limits of our liability regarding your use of our website and services.