In the field of mergers and acquisitions, there is nothing more important than undertaking a proper program of due diligence on the target to be acquired, so that the purchaser can identify any “skeletons in the cupboard” before committing to the transaction. This is no different when it comes to an assignment for reviewing the performance of a client – it is essential that a lender or banker be aware of all potential risks relating to that client in order to be fully informed.
In undertaking any assignment for due diligence, whether it be a small family business or a well-established national company, our approach is to tailor a program that specifically addresses the concerns and risks of that business, providing a more cost effective outcome for the client. Whether the client is the purchaser or the vendor, we maintain an impartial approach towards evaluating the business and undertake strict levels of confidentiality.
Due diligence traditionally refers to the investigations carried out by a vendor and/or purchaser as part of an acquisition transaction. The aim is to provide a cost-effective, independent and unbiased report on a particular business, outlining not only the financial position of that business but also any other matters we feel relevant to the assignment. These might range from a simple SWOT analysis to a more detailed report on the risks that we feel the business faces.
dVT Consulting staff have a considerable range of experience in commercial and professional sectors, with a combined experience of some 100 years amongst partners and senior staff! This level of experience and first-hand knowledge of various industries enables dVT Consulting to deliver reports that focus on the relevant issues in a timely and effective manner. We value communication, and strive to ensure that we understand the concerns of all parties involved. All our assignments are based on agreed programs or scoping documents, so that all parties are in agreement with the expected outcomes.
We feel that our background in solvency management and knowledge of companies in distress gives us an edge in being able to understand the many different risks faced by business.
Some of the assignments undertaken over the last few years include:
Manufacturing – due diligence on behalf of purchaser, supported by ANZ Capital as equity investor. Included detailed review of forecast earnings and risks.
Service industry – due diligence on behalf of purchaser, including funding proposals for equity investors. Included detailed review of forecast earnings and risks.
Service industry – due diligence at request of ANZ Bank, focussed on statutory and tax compliance issues for high-level employment hire company, and detailed review of debtor invoice compliance.
References are available on request.