Merger & Acquisition Advisory
M&A that is backed by numbers.
Due diligence, valuation support, and post-merger integration accounting – we turn deal complexity into competitive edge.
Merger & Acquisition Advisory
M&A is where accounting and strategy collide. Every deal is unique: different seller, different buyer, different structure, different jurisdictions. Finance teams across continents need to align on one number: price. Then, once the deal closes,
both sides need one set of financial records, one set of systems, one reporting standard. Most firms’ M&A support is one-time: we do due diligence on the seller, deliver a report, and we’re done. We see it differently. We support M&A across the full cycle: due diligence financial analysis, purchase price allocation, post-merger integration accounting, and synergy realisation tracking. For your CPA and CA clients who execute acquisitions. For Indian mid-market businesses planning M&A. One firm. Same standard.
What We Deliver
Due Diligence Financial Analysis
Complete financial audit and analysis: three-year financial performance, working capital assessment, reserve adequacy, contingent liability identification
Historical Financial Restatement
Restatement of acquired company financials to buyer’s accounting policies and GAAP/IFRS standards.
Revenue Quality Analysis
Deep-dive analysis of revenue recognition policies, contract terms, customer concentration, revenue sustainability, and post-acquisition churn risk.
Working Capital Characterisation
Detailed working capital analysis by company, by division, by product line – establishing baseline for post-acquisition reconciliation.
Contingent Liability Identification
Analysis of litigation, warranty, environmental, contractual, and regulatory contingencies.
Tax Due Diligence Support
Tax compliance review, exposure assessment, and tax provision adequacy testing.
EBITDA and Synergy Adjustment Analysis
Normalisation of EBITDA for one-time items, non-recurring expenses, and quantification of identified synergies.
Valuation Support
Supporting financial analysis for valuation models working capital, EBITDA trajectory, synergy assumptions, and comparable company metrics.
Purchase Price Allocation (PPA)
Complete purchase price allocation, including fair value assessment of tangible and intangible assets, useful life determination, and goodwill calculation.
Earnout and Contingent Consideration Analysis
Earnout model design, probability assessment, and payment mechanism documentation.
Post-merger Integration Accounting
Systems integration, account mapping, consolidation setup, and elimination entries for combined entity financial reporting.
Synergy Realisation Tracking
Quarterly tracking of identified synergies cost savings, revenue opportunities, and integration efficiencies against plan.
Financial Statement Consolidation and Reporting
Combined entity financial statement preparation, segment reporting, and disclosure for integrated operations.
By Stage
Pre-Deal: Sell-Side Support
We support sellers by preparing financial data, restatement analysis, and supporting materials for data rooms. Our goal: clean, auditable financial records that build buyer confidence.
Pre-Deal: Buy-Side Support
We support buyers through financial due diligence, valuation support, and risk analysis — building the case for acquisition and informing price negotiation.
At Closing: Closing Workpapers
We prepare closing-date balance sheets, purchase price reconciliation, and closing adjustments documentation.
Post-Closing: Integration Accounting
We support the first 90 days of post-merger integration: system setup, account mapping, and unified financial reporting infrastructure.
12-Month: Synergy Tracking
We track realised vs. planned synergies, flag execution gaps, and support board reporting on integration progress.
Industries We Support
Technology and Software Acquisitions
Revenue recognition post-acquisition, customer retention analysis, and software licence accounting standardisation.
Professional Services M&A
Partner economics harmonisation, revenue recognition method alignment, and WIP valuation consistency.
Manufacturing and Industrial Acquisitions
Inventory valuation harmonisation, asset depreciation policy alignment, and cost accounting standardisation.
Healthcare and Medical Services
Revenue cycle integration, payer mix analysis, and compliance accounting postacquisition.
Financial Services Acquisitions
Fee income standardisation, investment accounting alignment, and capital adequacy requirements.
Real Estate and Development Acquisitions
Property accounting standardisation, project revenue recognition alignment, and reserve adequacy assessment.
M&A Support Timeline
Pre-Offer (Weeks 1–2)
We conduct initial financial analysis, prepare restatement memo, and develop valuation support materials.
Pre-Closing (Weeks 2–8)
We lead financial due diligence, prepare detailed findings report, and support buyer negotiation with financial data.
Closing (Week 9)
We prepare closing-date balance sheet, purchase price reconciliation, and closing adjustments.
Post-Closing Integration (Weeks 10–26)
We support financial system integration, prepare combined entity financials, and begin synergy tracking.
Ongoing (Months 7–24)
We track synergy realisation, support integration progress reporting, and address post-acquisition accounting issues as they arise.
M&A fails when financial integration is an afterthought. Systems don’t talk. Accounting policies don’t align. Synergies don’t materialise. Buyer’s remorse sets in.
M&A succeeds when financial integration is built into deal planning. Buy-side financial analysis is thorough. Seller’s books are restatement-ready. PPA is clean. Post-merger integration has a clear playbook.
We build that playbook for your firm
