Businesses are frequently sold in an organised auction process. Competitive edge is vital and influenced by the ability to deliver speedy analysis around key issues. Successful bidders will need to complete focused due diligence to confirm price, funding and identify issues that require reflection in the sale and purchase agreement and completion accounts or the ‘locked box’ mechanism.
We work alongside our clients in a competitive auction process to provide support in analysing the key issues likely to impact their bid. 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.
Acquisition due diligence engagements provide potential purchasers with sound analysis of target entities in the areas covered by our scope of work.
Our scope of work can be tailored to best suit your key focus areas. We offer a wide range of due diligence disciplines including: