Due Diligence Support (M&A)

Overview

What we deliver

We support M&A diligence with quality of earnings, working capital analysis, and accounting reviews aligned to US GAAP, IFRS, and UK FRS.

We provide buy-side and sell-side financial due diligence that helps deal teams move from letter of intent to close with clarity. Our work covers quality of earnings, normalized EBITDA, working capital peg analysis, debt and debt-like item identification, revenue recognition under ASC 606 or IFRS 15, lease accounting under ASC 842 or IFRS 16, and accounting policy reviews against US GAAP, IFRS, or UK FRS 102. We reconcile management accounts to audited financials, test KPI integrity, and flag risks around tax exposure, off-balance-sheet items, related party transactions, and customer concentration. Reports are structured for investment committees, lenders, and legal counsel. We coordinate with tax, legal, and commercial advisors so findings line up across workstreams. Whether the target is a private business, carve-out, or cross-border deal involving IRS, HMRC, CRA, or ATO jurisdictions, we deliver a fact base your team can act on.

Fit Check

Built for teams like yours

Who it's for

Private equity firms
Strategic acquirers
Family offices
Investment banks
Corporate development teams

Pain points we solve

Unreliable target financials
Hidden working capital gaps
Aggressive revenue recognition
Unidentified debt-like items
Tight diligence timelines

What's included

Capabilities

Everything we cover in this engagement.

Quality of earnings analysis
Working capital peg modeling
Net debt and debt-like review
Revenue recognition testing
Cost of sales and margin analysis
Cash proof and bank reconciliation
Accounting policy gap analysis
Management KPI validation

How we work

Our process

A clear, predictable path from kickoff to outcomes.

01

Scoping

Confirm deal structure, target perimeter, and reporting needs.

02

Data request

Issue information request list and set up secure data room access.

03

Analysis

Build QoE schedules, test transactions, and interview management.

04

Reporting

Draft findings, share red flags, and revise with deal team input.

05

Close support

Assist with SPA schedules, completion accounts, and post-close items.

What you get

Deliverables & outcomes

What you get

Quality of earnings report
Working capital analysis
Net debt schedule
Databook with supporting schedules
Management discussion summary
Red flag and key issues memo

Outcomes you can expect

Stronger negotiation position
Reduced post-close surprises
Clear price adjustment mechanics
Defensible audit committee narrative
Faster path to close

Timeline

3 to 8 weeks per transaction

Engagement

Monthly retainer, Project, Sprint

Tools we use

Excel, Power Query, Alteryx, DealRoom, Datasite

KPIs we track

Adjusted EBITDA, working capital trend, customer concentration, gross margin, cash conversion

Client stories

What clients say

"

We were drowning in tier-one tickets about password resets and appointment changes. They built a deflection layer on top of our help desk and kept their agents in the loop for anything sensitive. Volume to humans dropped 58 percent in two months and our patient NPS held steady. The hybrid handoff is the part most vendors get wrong. They did not.

P.M.

"

Our old site was a Frankenstein of three previous agencies. We gave them a hard launch date tied to a trade show and they actually hit it. 47 templates, full product catalog migration, no broken redirects on go-live day. Our previous vendor missed the same deadline twice. This time my phone stayed quiet on launch morning.

Marcus L.

Proof