Financial and Strategic Due Diligence
We bring out the reality behind a target company's numbers and name the risks the buyer will have to price.
How We Work
Quality of earnings
We normalise reported profit, separating non-recurring income, capitalised costs and related party transactions.
Cash and debt
We clarify the definition of net debt, the normal level of working capital and off-balance-sheet obligations — the basis of any price adjustment.
Commercial review
We assess customer concentration, contract continuity, pricing power and market position.
Pricing the findings
We sort every finding into three categories: affects the price, must be covered by the agreement, stops the transaction.
Typical Mandate Types
- Buy-side financial and commercial due diligence
- Pre-sale preparation review (vendor due diligence)
- Independent model review before an investment
- Financial assessment before entering a partnership
Outcomes
- Evidenced findings usable in the price negotiation
- A list of risks that must be covered in the agreement
- A clear, unembellished picture for the investment decision
Our Capabilities
Corporate Finance Capability
We calculate how much capital a company can carry and in what form, turn that into a financeable file and run the process.
Learn moreM&A Transaction Capability
The construction of the process decides the outcome as much as the price. We build the process in your favour and see the surprises before they reach the table.
Learn moreProject Finance Capability
We turn investment projects into structures whose repayment rests on their own cash flow.
Learn moreInternational Structuring Capability
In transactions where capital crosses borders we build the structure with each jurisdiction's realities in view and the exit route defined from the outset.
Learn moreSpecial Situations Capability
Where time works against you we build a fast, realistic framework the parties can accept together.
Learn moreStart a mandate discussion
Tell us about your capital requirement, your transaction idea or your structuring problem. The first assessment meeting is free of charge and strictly confidential.