CALDER & WYNNE
Services

Four offers for every stage of the transaction.

Buy-side, sell-side or in defence of an offer, on small and mid-cap deals. Every engagement is led by a partner and built around the questions that drive the price.

FDDBuy-side

Financial due diligence

Test the target's numbers, secure the investment decision and support the valuation.

  • Quality of earnings and adjusted EBITDA
  • Net debt and debt-like items
  • Normalised working capital and cash conversion
  • Business plan review
VDDSell-side

Vendor due diligence

Prepare and structure the sale, give buyers a reliable view of the business and keep control of the process.

  • Vendor due diligence report and data book
  • Vendor assistance and data room preparation
  • Buyer Q&A management
  • Reliance for buyers and lenders
DDDDefence

Defensive due diligence

Respond to an unsolicited offer with a clear view of value and of the points a bidder will push on.

  • Independent read of earnings and net debt
  • Red flags a bidder is likely to raise
  • Support for the board and shareholders
À LA CARTETargeted work

Targeted reviews

Focused work when the deal needs a specific answer, fast.

  • Red flag and flash reviews
  • Review of a third-party VDD
  • Completion accounts, earn-outs and price adjustments
  • Post-deal disputes
Discuss your project →We reply within 24 hours.
Deal support

With you at every key stage of the deal.

Our work does not stop at the report. We stay on the deal until the price is agreed and the numbers are in the contract.

01

Preparation

Vendor due diligence, vendor assistance, data pack and data room.

02

Due diligence

Historical performance, adjusted EBITDA, working capital, net debt, cash flow and business plan.

03

Q&A and negotiation

Investor Q&A, current trading, locked box or completion accounts mechanism.

04

SPA

Price adjustment clauses, definitions of net debt and working capital, warranties.

05

Post-acquisition

Completion accounts, earn-outs, integration and follow-on build-ups.

Have a deal on the table?

Tell us about the transaction. A partner will get back to you within 24 hours, in confidence.

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