It is appropriate to anticipate the due diligence requirements of prospective purchasers before a business is offered for sale, to ensure a comprehensive due diligence package of information is available at the time the business is offered for sale. This ensures there is a minimum delay in the purchaser and their professional advisors receiving the information required in assessing whether the business is acceptable for their requirements. It may also direct the attention of the vendor to resolve certain issues prior to offering the business for sale to avoid any information being received by a purchaser during the due diligence period.
We believe it is appropriate to form a team of professionals to assist a vendor or purchaser throughout the due diligence period of a transaction to ensure comprehensive advice is obtained on all aspects of a transaction; including assets values, trading history, resource management issues, leasing issues, marketing and competition.
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