Although club deals can provide private equity (PE) sponsors with access to more potential deals with larger target companies, they can also introduce an array of complications that can keep transactions from getting off the ground in the first place. From preparing the club deal documentation to navigating the transaction process while balancing important dynamics, it is important for PE sponsors to be well-informed about what lies ahead. To cast light on these and other club deal issues, Strafford CLE Webinars recently hosted a webinar featuring King & Spalding associate Sawyer D. Duncan. This second article in a two-part series summarizes some of the primary documents for club deals and sets forth eight valuable tips for navigating legal issues in a transaction involving joint bidders. The first article described the advantages club deals can offer, unique bidders they are beginning to incorporate (i.e., institutional investors and strategic buyers) and how they have evolved over the last two decades. For additional insights from King & Spalding, see “Confidentiality, Standstill and Insider Trading Considerations Relevant to Private Funds Investing in PIPEs” (Nov. 11, 2009).