Working alongside our clients in a competitive auction process, we provide support in analysing the key issues likely to influence their bid, involving the appropriate specialists as required. At the initial stages of an auction process, information is usually restricted to an information memorandum and a vendor due diligence report supported by a data room.

Once exclusivity is granted, we seek to perform top-up due diligence to assist the completion of the deal. Our work at this stage tends to be confirmatory in nature but will also seek to identify issues that impact on price, or those that require reflection in the sale and purchase agreement and completion accounts. It is also likely to form a key part in the diligence package to support the financing.

In addition, at the exclusivity stage we work with our Merger Integration team to identify further opportunities to capture value synergies post acquisition and to formalise the post merger integration plan to a smooth integration and ensure merger benefits are realised and captured.