Advisory & Due Diligence

Where we sit in the deal cycle

Transactions fail on diligence findings far more often than on price. Bringing an adviser in early is cheaper than renegotiating late.

1. Before market

   Preparation and vendor diligence

   Getting the numbers, the quality of earnings story and the data room to a state that survives a buyer’s scrutiny. Problems found now are yours to fix; found later they are the buyer’s to price.

2. Buy-side

   Financial due diligence

   Quality of earnings, working capital, net debt and the commitments that do not appear on the balance sheet. We tell you what we found, not what you hoped we would find.

3. Sell-side

   Supporting the process

   Responding to buyer questions with consistency, defending the adjustments, and keeping management focused on running the business rather than the data room.

4. Listing

   Reporting accountant work

   Historical financial information, working capital models and FPPP documentation for UK public market transactions, with direct experience of what sponsors, nomads and the FCA require.

5. Post-deal

   Integration and first reporting

   IFRS adoption, local GAAP transition and the first consolidated reporting cycle under new ownership, which is where most acquisitions quietly lose their timetable.

Situations where we add value