Due diligence takes many forms (legal, commercial, financial/tax, site visits, surveys etc.) and is carried out by the buyer and its team of advisers prior to completion of the transaction occurring.
The key aims of any due diligence exercise are:
For any buyer considering an acquisition following the outbreak of Covid-19, it will be particularly important to undertake additional due diligence focussing on the impact of the pandemic. In a very short time frame there have been significant changes in legislation and regulation forcing businesses and companies to adapt, as best as they can, in a challenging and unusual climate.
By way of example (and this is by no means an exhaustive list), Covid-19 specific due diligence would focus on:
The Corporate Finance team at Lupton Fawcett have lots of experience of all types of corporate transactions and helping buyers and sellers navigate the due diligence process (pre and post Covid-19).
Feel free to get in touch for a no obligation chat by contacting Sarah Webster on 0113 280 2156 or firstname.lastname@example.org
Please note this information is provided by way of example and may not be complete and is certainly not intended to constitute legal advice. You should take bespoke advice for your circumstances.