Before Diligence
Due diligence, as an independent trusted third party.
On an acquisition as on a sale, price turns on the quality of a few numbers — normalised EBITDA, net debt, working capital. We put them under scrutiny: to secure the buyer, to lend credibility to the seller.
Both sides of the table, the same numbers — not the same stakes.
On the buy-side
You commit to a price built on the seller's accounts. We validate what underpins it: recurring EBITDA (what truly repeats, excluding one-offs), net debt and debt-like items, the normalised working capital that will serve as the SPA reference. Every red flag becomes a negotiating lever — price, representations & warranties, escrow. You know what you're buying before you sign.
On the sell-side
Before you open your process, you take back the initiative. A vendor due diligence acquirers can rely on instead of redoing everything — the process speeds up, the tension between offers holds, and issues surface on your terms rather than weaponised against you late in the negotiation. You protect your price from a last-minute renegotiation.
From a go/no-go in a few days to the full review.
We calibrate the format to your stakes and your timeline.
Red Flag Report
The pre-acquisition go/no-go, in a few days: adjusted EBITDA, revenue quality, normalised working capital, net debt, 15 red-flag tests.
Buy-side due diligence
The full review of a target: Quality of Earnings, Quality of Net Debt, business plan analysis, sensitivities. The three pillars — earnings, net debt, working capital — and how they move the price.
Vendor due diligence
Sell-side diligence, prepared ahead of the process: QoE, net debt, normalised working capital, anticipated red flags. A verified, reliable base, ready for acquirers.
Independent Business Review
For lenders and shareholders: the robustness of the business plan, the cash trajectory, covenant headroom. An independent opinion, on the evidence.
Augmented analysis, judgement preserved.
Our proprietary platform encodes years of diligence practice. It speeds up the phases with nothing at stake — to keep pace with a deal's urgency — and reserves human work for what decides the outcome. Before Diligence remains entirely independent, and passes its productivity gains on to you.
The low-stakes phases, accelerated
Statement generation, accounting mapping, working-capital computation, reconciliation: what usually takes weeks is produced in days.
Judgement, under maximal human control
Adjustments, interpretations, recommendations, conclusions: carried by a partner, never left to the machine. AI accelerates, the human decides.
Traced down to the journal entry
Every adjustment traces back to the accounting entry. A diligence you can audit line by line.
Running transactions on a continuous basis? We align with your volume.
For investment professionals — private equity, family offices — we offer subscriptions tailored to your deal volume. And each diligence builds up an institutional memory of your own transactions: targets, assumptions, counterparties, compounded over time.
An acquisition or a sale under way?
A first 30-minute conversation to understand your needs.
Book a call — 30 min →