Financial Diligence

Our transactions team specializes in helping investors achieve the best value from a transaction. All businesses involved in an acquisition, as buyers or sellers, need to ensure that the financial information they hold is as accurate as possible, not only to prevent paying too much but also to ensure that their governance and risk management objectives are met.

Our engagement team will work closely with you throughout the project to keep you apprised of our progress and key issues impacting the analysis. This communication maximises the efficiency of our efforts and ensures that you are fully informed of important issues throughout our engagement.

We will “own” the project and seek to manage and drive it forward to ensure your challenging timetable is met. In addition to normal accounting diligence, we also would provide insights with respect to the following:

• Sustainability of earnings

  When a corporate or a private equity house wants to acquire another company, it needs to thoroughly understand that company’s current and projected performance. It needs to identify the negotiating factors which would impact the maintainable earnings of the target.

• Likelihood of achieving underlying assumptions

  Any organization considering a deal needs to test all the assumptions it is making about that deal. Financial due diligence provides peace of mind to the Investor, by analyzing and validating all the financial and commercial assumptions being made. It uses past trading experience to form a view of the future and confirms that there are no 'black holes‘.

• Net debt

  While negotiating with the seller, the buyer need to identify various debt like items in the balance sheet apart from reported debt, which needs to be adjusted to the valuation. At KKJ, we not only help the buyer in identifying the debt like items, but also help in negotiation with the seller.

Select Credential

While with KPMG, Keerthi Jain has worked with large conglomerates as well as mid sized domestic companies in their potential evaluation of investment or divesture. We have highlighted selected credentials below:

• Large conglomerates experience

  GMR group, HSBC group, ILFS group, Shriram group, Adhitya Birla, TVS group.

• Corporates

  Federal Bank, Catholic Syrian Bank, Integreon, Sadbhav Engineering, Orchid Chemicals, Penna cement, GKJ Projects, SDB Cisco, IMC Limited, SAAG RR Infra, Rajasthan Patrika, PNB Housing Finance, Auro mira.

• Private Equity’s

  Blackstone, Actis, NVP, Xander, NSR Advisors, Dawnayday.