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 had 14 cornerstone pages stuck on page two for 18 months. Their SEO crew rewrote the internal linking, cleaned up our schema, and shipped 22 supporting briefs over a quarter. Eight of those pages broke top three by month five. Organic pipeline went from a trickle to our second-largest source. Felt like watching interest compound.

James T.

"

Our SDRs were spending two hours a day copying lead data between Salesforce, Outreach, and a Google Sheet nobody owned. They mapped the whole flow, stitched it together in n8n, and added a dedupe step we did not even know we needed. Got 38 hours a week back across the team. The SDRs were the ones who pushed to expand it further.

Rebecca F.

Proof