Our services

M&A

We support companies to extract value from the extraordinary finance operations that best meet their needs, in particular, acquisition, sales and merger transactions; even using third-party professionals with expertise which range vertically in tax and legal areas and industry experts for origination activities.

Who is this service for?

Early Stage Startups; Growth Stage Startups; Innovative SMEs; Corporate / Private Equity Funds

Objective

To maximise returns for shareholders, making the most of assets and cost synergies and income related to the operation.

Deal definition and planning

2-3 weeks

Defining the strategy, structure and objectives of the M&A deal by gathering all the necessary information and documents to undertake the best course of action for the client.

Commercial Due Diligence

1-2 weeks

Analysis and description of the target company with the aim of determining a strategic position and competitive advantage, specifically:

Business model and route to market descriptions for the main business lines and market segments

Product portfolio and application analyses for the market share.

Discussion and comment on the recent performance of the main business lines

Client analyses and perceived strong points

Market analysis in the main geographic areas

Focus on potential growth strategies and correlated risks

Light Financial Due Diligence

1-2 weeks

Analyses and description of the business to provide an overview of its past financial performance, in particular in the following areas:

P&L record with commentary on key results and KPls, sales performance and fluctuations and EBITDA bridge

Analysis of orders and contracts

P&L of the current year and commentary on the main changes YOY and compared to budget

Analysis of tangible and intangible fixed assets

Analysis of the main working capital items

Accounting & Tax Due Diligence

1-2 weeks

Analysis and description of the company with the aim of verifying the formal and substantial correctness of the accounting and taxation practices adopted up to that time and more specifically:

Status of the company's tax compliance over the years

Analysis of the company's main tax attributes

VAT status of the Target and VAT treatment of the main items of expenses and revenues

Description and qualification of potential tax liabilities

Compliance with national and international accounting standards

Analysis of historical and forecast investments and liquidity ratios

Analysis of revenue and cost trends

Business Plan Review

2-3 weeks

Validation of the company’s business plan with particular reference to the growth strategy and the consistency of the plan’s assumptions, with reference to the work carried out during the market and competition analysis and in the Light Financial Due Diligence.