M&A Due Diligence
Financial Due Diligence
That Reduces Deal Risk
Buy-Side and Sell-Side Coverage
We work on both sides of a transaction -- helping buyers understand what they are acquiring and helping sellers present their financial story clearly.
Quality of Earnings Analysis
Independent, rigorous analysis of reported earnings to identify adjustments, normalizations, and working capital issues that affect deal value.
Transaction-Ready Team
Big 4-trained professionals who understand deal timelines and deliver findings that are actionable for deal teams, management, and counsel.
100+
Successful transactions completed
20+
Years of experience
$5 - 50m
Average size of transaction
$20-200m
Average market cap of clients across tech, manufacturing & services
M&A Financial Due Diligence Built for Complex Transactions
What makes us different?
Financial due diligence is one of the most consequential steps in any M&A transaction. Buyers need confidence that the target’s financials accurately reflect its performance and that there are no hidden liabilities, earnings adjustments, or working capital issues that will affect value. Sellers need their financial story organized, clearly presented, and defensible under scrutiny.
Corviniti provides financial due diligence support on both sides of a transaction. For buy-side engagements, we analyze the target’s historical financial statements, identify adjustments to reported earnings, assess working capital trends, and evaluate the quality and sustainability of revenue. For sell-side engagements, we help management prepare the financial package, anticipate buyer questions, and present results in a way that supports valuation.
Our team brings Big 4 transaction experience to every engagement, with a practical focus on identifying the issues that actually affect deal economics. We work quickly, communicate clearly, and deliver findings that are actionable for deal teams, management, and counsel.
We help with:
- Quality of Earnings Analysis: Identify non-recurring items, accounting adjustments, and normalization entries that affect reported EBITDA and sustainable earnings.
- Revenue Analysis: Assess the quality, concentration, and sustainability of revenue streams, including contract terms, customer retention, and recognition policies.
- Working Capital Assessment: Analyze historical working capital trends, identify normalized levels, and assess the adequacy of any proposed working capital targets in the purchase agreement.
- Balance Sheet Review: Evaluate asset quality, identify contingent liabilities, and assess any off-balance-sheet items that could affect the transaction.
- Debt and Debt-Like Items: Identify obligations that should be treated as debt in the purchase price calculation, including accrued liabilities, pension obligations, and deferred revenue.
- Cash Flow Analysis: Assess the conversion of earnings to cash, evaluate capital expenditure requirements, and review the sustainability of free cash flow.
- Financial Modeling Support: Build or review the financial model used for valuation, synergy analysis, or integration planning.
- Data Room Preparation (Sell-Side): Organize and prepare the financial data room, draft the management presentation financial sections, and prepare the company for buyer questions.
- Purchase Price Allocation (Post-Close): Identify and fair-value acquired assets and liabilities, including intangibles, and prepare the ASC 805 accounting documentation.
- Integration Financial Planning: Support post-close financial integration, including chart of accounts alignment, combined entity reporting, and intercompany eliminations.
Why Choose Us?
Big 4 expertise,
boutique agility
Corviniti provides the transaction accounting depth of a Big 4 advisory practice with the speed and direct senior involvement of a dedicated boutique. We operate on deal timelines and deliver findings that are clear, well-supported, and useful to your deal team.
Startups and US Capital Markets are our focus
From private equity-backed acquisitions to pre-IPO M&A activity and cross-border transactions, Corviniti provides financial due diligence support calibrated to the complexity and timeline of your deal.
- Buy-Side and Sell-Side Engagements
- Built for Capital Markets (including IPO and SPAC transactions)
- Boutique Attention
- Big Four Experience
- Transaction Deadline Oriented
Contact Us To
Learn More
Call: (347) 472-1115
Email: info@corviniti.com
Tell us about your transaction and timeline. We will respond within 24 hours with a straightforward view of how we can help.
Learn More From
Frequently Asked Questions
An audit provides an independent opinion on whether financial statements are fairly presented in accordance with GAAP. Financial due diligence is an advisory analysis conducted for a specific transaction — it focuses on understanding what the numbers actually mean, identifying adjustments to reported earnings, and assessing the financial risks and opportunities in the deal. The two serve different purposes and are typically performed by different parties.
Both. On the buy side, we help acquirers understand what they are buying — analyzing the target’s earnings quality, working capital, and financial risks. On the sell side, we help sellers organize their financial presentation, anticipate buyer questions, and present results in a way that supports their valuation.
A quality of earnings analysis examines the reported earnings of a business to identify items that are non-recurring, non-cash, or otherwise not representative of ongoing performance. This includes one-time revenue and expense items, management add-backs, accounting policy differences, and timing differences in revenue or expense recognition. The output is an adjusted earnings figure that more accurately reflects the sustainable performance of the business.
It depends on the size and complexity of the business and the availability of financial data. For a straightforward transaction, a focused quality of earnings analysis can be completed in two to three weeks. More complex situations — multi-entity structures, international operations, or unusual revenue models — typically require four to six weeks. We are accustomed to working on compressed deal timelines when needed.
To start, we typically need access to audited or reviewed historical financial statements for three years, a general ledger or trial balance, management accounts, and any existing financial models or management presentations. Additional data requests are made as the analysis progresses.
Yes. We prepare the ASC 805 analysis required after close, including identification and fair valuation of acquired assets and liabilities, intangible asset assessment, and documentation of the purchase price allocation in a format your auditors can work with directly.
Yes. We regularly support private equity sponsors on both buy-side and sell-side transactions, as well as providing ongoing financial reporting support to portfolio companies between transactions.
Yes. We regularly work with foreign private issuers and companies with cross-border structures, including IFRS reporting, US GAAP reconciliations, and multi-entity consolidations for companies with domestic and international subsidiaries.
In most cases, we can begin within a few days of finalizing our agreement. Our onboarding process is straightforward — a brief discovery session, a clear statement of work, and secure access setup. We do not have lengthy intake procedures that delay the start of actual work.
