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Your need · Acquiring a business

Understand what you are acquiring, and how it will run on Day 1.

Operational due diligence for private equity and trade acquirers. We test how the business actually works against what the information memorandum says.

Deal team seated around a table in a glass meeting room with a screen on the wall

What we test

Verify, size the risk, plan the handover.

Financial and legal diligence cover the numbers and the contract. We cover how the business runs, and whether the numbers tie back to it.

1

Verify

How the operation actually works: processes, roles, controls and systems, against what the information memorandum describes.

2

Size the risk

Key-person concentration, control gaps, system and data dependencies, and whether reported KPIs reconcile to source.

3

Plan the handover

Day 1 readiness, the first 100 days and, on a carve-out, the separation perimeter.

When we work

Before signing, and after completion.

Pre-signing

Operational due diligence

A focused review during exclusivity, reported to your deal team and advisers, with findings ranked by value impact.

Typical shape: 2–4 weeks
Post-completion

Separation, Day 1 and integration

The perimeter of what moves, transitional arrangements, and the operating model the value-creation plan starts from.

Typical shape: weeks to months

What you get

Findings your deal team can act on.

Operational diligence report

Red flags and value risks, ranked, each traced to a process, a control or a person.

Risk and control register

Key-person dependency, control gaps and their mitigation, ready for the SPA and integration plan.

KPI reconciliation

Reported metrics tested back to source systems, with differences explained.

Day 1 and 100-day plan

Separation perimeter, handover priorities and the baseline operating model.

Carve-outIllustrative
4 weeks
to a clear separation perimeter

Private equity acquisition of a division from a larger group.

Situation
No one could confirm which processes, systems and people transferred.
Approach
The perimeter mapped, with the shared services that stayed behind.
Outcome
The basis for the transitional services agreement and the Day 1 plan.

Related insights

Working on a target?

Tell us about the deal and the timetable, and we will scope the operational diligence.

Scope a diligence