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Capabilities · Transaction supportFinancial & tax due diligence, built for the deal
Independent diligence for private equity, venture capital and strategic investors evaluating acquisitions and growth investments. Big-4 audit discipline paired with first-hand CFO and M&A experience: rigorous, commercially aware, and reported deal-ready.
What due diligence delivers for the deal
Three outcomes that protect and strengthen your investment decision.
Confirm the value
We validate the numbers behind the deal: quality of earnings, normalised EBITDA and the true working-capital and net-debt position.
Surface the risk
We identify the financial and tax exposures before completion: the issues that change the price, the structure, or your appetite for the deal.
Strengthen your hand
Our findings feed directly into negotiation, the SPA price mechanism and the protections you secure at signing.
Two disciplines, one integrated view
Financial and tax workstreams run in parallel and are reported together, so findings in one inform the other.
Financial Due Diligence
FinancialThe earnings, assets and cash that justify the price: what sits behind the headline EBITDA, balance sheet and plan.
Quality of earnings
Normalised, run-rate EBITDA; one-offs and accounting-policy adjustments.
Net debt
Debt-like and cash-like items for the equity-value bridge.
Working capital
Normalised level, seasonality and the completion peg.
Revenue analysis
By product, customer and cohort; concentration and retention.
Recurring revenue
ARR / MRR, churn and unit economics for SaaS and tech targets.
Cost & margin
Cost structure, contribution margin and operating leverage.
Business plan
Forecast assumptions, achievability and sensitivities.
Reconciliations
Management accounts to statutory and to the data book.
Tax Due Diligence
TaxThe historical exposures, compliance and the structure of the transaction.
Corporate income tax
Compliance, provisions and the status of carried-forward losses.
VAT
Compliance, recoverability and identified exposures.
Payroll & social
Wage taxes, contributions and contractor classification.
Transfer pricing
Related-party flows and documentation adequacy.
Withholding tax
Cross-border payments and treaty positions.
Local taxes
Property, environmental and other local obligations.
Incentives
R&D and software / IT exemptions, common in Romanian tech.
Structuring
Open years, prior audits and tax-efficient deal structuring.
A focused, phased process
Issues surface early through a red-flag report, well before the full findings are delivered.
Scoping
Define perimeter, materiality and the information request list.
Data & analysis
Review the data room, interview management and build the data book.
Red-flag report
Early warning on the issues that could move price or structure.
Deep dive
Resolve open points and quantify exposures with management.
Final report
Integrated financial & tax report, data book and debrief call.
Typical timeline: 2-5 weeks from data-room access, scaled to deal size and complexity.
Investor-grade outputs you can act on
Built to be used in negotiation, not filed away.
Information request list
A structured, prioritised request that drives an efficient data-room process.
Red-flag report
Early identification of deal-critical financial and tax issues.
Full DD report
Integrated financial and tax findings with clear, ranked conclusions.
Excel data book
Transparent supporting analysis you and your advisers can interrogate.
Management debrief
A working call to walk through findings and their deal implications.
SPA support
Net-debt / working-capital mechanism and reps-and-warranties input.
What sets our diligence apart
We have sat on every side of the table, and we report like it.
The investor's lens
We have led exits to both private equity and a global strategic buyer, so we read a deal the way you do.
Big-4 discipline
A PwC audit pedigree, with ACCA qualification.
Partner-led
Senior attention from scoping to debrief: no junior hand-off, no diluted judgement.
Sector breadth
Credible from heavy manufacturing to AI, SaaS, e-commerce and fintech.
Deal-ready outputs
Red-flag first, SPA-relevant throughout: analysis built to be used, not filed.
Dual standards, bilingual
IFRS and Romanian GAAP; reporting and management calls in English or Romanian.
Discuss your next transaction
Tell us about the deal and we'll scope a focused diligence plan: perimeter, timeline and fee.