Due Diligence

At PKF Attest, we are specialists in due diligence processes both for sales and purchases, and we cover all the different legal areas involved in this type of operation.

Financial

Services:

• Analysis of recurring profitability -normalized EBITDA-
• Future cash flow generating capacity
• Analysis of:
  • Balance sheet
  • Net financial debt
  • Historical capex and future investment plan
  • Business plan, its soundness and sensitivity, order book, commitments acquired
  • The different business/activity lines

Tax

Services:

• Review of accounting documentation
• Review of returns for the different taxes
• Review of ledgers
• Analysis of possible tax risks
• Proposal for improvements to reduce possible contingencies and/or tax benefits

Legal

Services:

• From the corporate standpoint: study of possible obstacles that could affect the buyer or seller in their decision-making.
• From the contractual standpoint: analysis of the main contracts whose sections might constitute a contractual risk in a foreseen operation.
• Analysis of other important questions such as: industrial property, real estate property, criminal risks, etc.

Corporate

Services:

• Analysis of corporate documents (articles of association, shareholders’ agreements, partners/shareholders’ registers, minute books, property deeds,…).
• Proposals for corporate agreements for the possible execution of the operation foreseen.

Labour

Services:

• Review of hiring formulae.
• Study of remuneration policy.
• Evaluating compliance with current regulations mainly established in the collective agreement.
• Study of contracts and their implementation.
• Compliance with health and safety regulations.

Environmental

Services:

• Compilation and analysis of existing information.
• Preparing a checklist of requirements and obligations applicable in the different issues included in the scope.
• Compilation of information (evidence) on compliance with the applicable legal requirements and regulations.
• In situ verification of requirements – visit to the installations.
• Identification of legal and regulatory non-compliances.
• Economic quantification of the risks detected.