Find it beforeyou sign

Issues found before signing become price adjustments or protections; issues found after closing become your cost.

Area
Key risks
How we protect you
Financials
Overstated earnings, off-book items and owner-related expenses
Quality-of-earnings review and normalized EBITDA
Tax
Unpaid corporate, VAT or withholding tax and past filing issues
Tax exposure review, reflected in price, escrow or indemnities
Legal & Licenses
Invalid licenses, unclear shareholding and change-of-control clauses
Legal review and conditions precedent in the Share Purchase Agreement
People
Labor law breaches and departure of key staff after closing
Employment review and key-person retention terms
Customers & Owner
Customer concentration and dependence on the founder
Customer analysis and transition arrangements with the seller

04 The crossing

29 Tokyo Venture Capital The Investor’s Passage