Financial due diligence for acquisitions
Before you buy a business, you need to know what you are really buying. An independent financial analysis of the target company - beyond the official accounts, down to the real cash flows, liabilities and risks.
Beyond the balance sheet - to the real picture
Four areas where the surprises in a deal usually hide - independently checked and clearly presented.
Bank loans, covenants, concentrated maturities and the risk of a liquidity shock at refinancing.
Loans, receivables and payables to owners and related companies that distort the real picture.
EBITDA, cash flow and tax burden, cleaned of one-off and paper-only effects.
Customer and supplier concentration, contract clauses, tax and legal exposure.
Investors and buyers of businesses in Bulgaria
- Investment funds and strategic buyers
- M&A law firms - partner for the financial workstream
- Management teams preparing a buy-out (MBO)
- Foreign buyers with a Bulgarian entity in the deal
From data room to a clear picture
What buyers ask us
No - we work from data-room documents, public registers and the documentation provided by the seller.
Usually 2-4 weeks, depending on the volume of documentation and access to the data.
Yes. We are often the local financial workstream of an international deal - we work with foreign buyers and their advisers in English and deliver the report in a format that slots into the overall due diligence.
A written report with findings in each area, a risk map and concrete recommendations you can use when negotiating the price and the warranties in the contract.
Considering acquiring a company?
Get in touch for a preliminary conversation about scope and timing.