Know the asset
before buying it.
Rigorous financial analysis so there are no surprises after closing.
We analyze the target company's financial situation in depth. We identify risks, adjust normalized EBITDA, and give you the arguments to negotiate price with real data.
- Quality of Earnings (QoE) and EBITDA normalization
- Net debt and target working capital analysis
- Identification of risks and contingent liabilities
- Review of historical and projected capex
- Executive report with findings and price adjustments
Data Room
Review of accounting, tax documentation and key contracts
Quality of Earnings
EBITDA normalization and revenue recurrence analysis
Debt & Working Capital
Net debt position and normalized working capital at closing date
DD Report
Delivery of executive report with findings, risks and price adjustments
DD with M&A advisor perspective
We don't just audit numbers: we understand the business and its value drivers to give you real negotiation arguments.
+50 M&A transactions in Spain
We know the most frequent risk patterns in Spanish family businesses and the main adjustments that move the price.
Financial, legal and tax DD under one roof
We coordinate with LetsLaw on legal and tax analysis to deliver a consolidated report with no duplications or gaps.
It's the in-depth review of a company's accounts before closing an M&A transaction. It analyzes EBITDA quality (Quality of Earnings), net debt, normalized working capital, and potential contingent liabilities.
Typically after signing the LOI (Letter of Intent) and before the SPA. It's when the buyer accesses the data room and can validate that the numbers presented are real.
It's the analysis of EBITDA quality and recurrence. It identifies non-recurring items, normalization adjustments, and the real sustainable EBITDA on which the valuation multiple is applied.
Between 3 and 8 weeks depending on the size and complexity of the asset. A complete, well-organized data room significantly reduces timelines.
Ready to take the next step?
No commitment · First conversation confidential and free