Transaction Advisory
Precision in mid-market financial & operational due diligence
We reject the arbitrary closing dates and "black box" work product of high-volume shops. Our financial due diligence and valuations deliver the absolute operational truth that private equity demands.
Core Capabilities
Timely and meaningful insights into complex business models
We analyze target companies across industrial, healthcare, and business services sectors, uncovering structural risks before capital is committed.
Quality of Earnings
Quality of Earnings and Working Capital analysis provide prospective stakeholders with a clear and impartial assessment of the target company's historical profitability and current financial health. We approach both buy-side and sell-side in the same fashion and do not attempt to exaggerate realities. Pro-forma analysis are limited to what we believe we would accept.
Our workbooks are designed to be clear, concise and easy to navigate. We limit the amount of worksheets to the absolute minimum to allow stakeholders to focus on key issues, reference supporting analysis when needed and avoid getting lost in an overly complex workbook.
Net Working Capital
Situational Advisory
Throughout the lifecycle of any organization, various circumstances may arise that necessitate specialized managerial guidance. This could encompass preparing a business for a potential transition or addressing specific operational or strategic areas that require targeted expertise. In such cases, external support can play a vital role in ensuring the organization is well-positioned to meet its objectives and effectively tackle specific challenges while management maintains its routine responsibilities.
Combined transactions worth of $7 billion equity value
Net Working Capital analysis serves as a supplemental examination of a company's current assets and current liabilities. The main objective is to offer a stakeholder transparent and unbiased evaluation of the company's everyday operational efficiencies. Through this assessment, a stakeholder gain insight into the company's ability to manage its liquidity and meet its short-term obligations.Quality of Earnings.
The Timeline
Our project timelines are based on experience, not understated to secure the engagement
Project Scope
Challenges
Delays
Short-term delays may arise when management and key personnel are offsite due to prior or unexpected commitments.
ERP or other software limitations frequently require different approaches to complete the analysis of a particular area of the business.
PTO, trade conferences, employee outings and family obligations are all real-world commitments that require attention away from the advisory project.
These challenges are often difficult to anticipate because each business operates with a distinct combination of systems, processes, and software integrations.
Timeline development
Factors such as the amount of entities or reporting units, firewalls and foreign exchange significantly impact the scope of a project.
The scope of a particular project is the largest single determinant of the overall timeline.
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In addition, unexpected Challenges and Delays almost always happen.
We believe engagement timelines should be realistic and assume that unexpected challenges and delays will occur.
The Timeline
Quality of Earnings - We structure these engagements based on a six-week timeline.
01
02
03
Two weeks of data collection and initial management meetings
Two weeks of focused analysis and quantitative meetings.
An additional two weeks dedicated to validation of insights and documentation.
The first two weeks are typically allocated to data collection and databook build. An initial management meeting will be scheduled to understand the qualitative portion of the business.
Weeks three and four are dedicated to financial analysis and additional management meetings. We will schedule a meeting to discuss monthly trend analysis of the income statement and balance sheet. Most financial irregularities will be identified at this point.
Weeks five and six are spent confirming insights, requesting backup where necessary and documenting our findings.
The Timeline
Valuation - We structure these engagements based on a four-week timeline.
01
02
03
Two weeks of data collection and management meetings
Two weeks of focused analysis and quantitative meetings.
The last week is dedicated to validation of insights and documentation.
The first two weeks are equivalent to the first four weeks of a Quality of Earnings engagement. Data requests are usually less allowing us quicker entry to focused analysis and management meetings.
Weeks three and four are dedicated to market analysis and confirmation of assumptions.
Week four is spent confirming insights, requesting backup where necessary and documenting our findings.
Secure absolute clarity
Initiate a confidential discussion to feel confident in your next mid-market transaction.