Financial Due Diligence Services

Mazars Denge, with 41 years of experience, serves a portfolio of over 1,000 companies from different industries (over 50% multinational businesses) with 337 professionals, including 34 partners (15 of whom are certified public accountants) working in 6 cities across Turkey: Istanbul, Ankara, Bursa, Denizli, Gaziantep and Izmir. Mazars Denge is one of Turkey’s top 5 audit firms, providing exclusive, quality services to its clients.

Mazars Denge provides comfort to both buyers (acquirers) and sellers (vendors) with an independent view of the business, encompassing both its performance and its prospects. The Mazars Denge Financial Due Diligence Services Team assesses the reliability of accounting practices, together with the historical financial results, and evaluates the attractiveness of the investment in terms of its financial and operational strengths and risks.

General Scope

• Dataroom management, preparation

• Review of the history and development of the Company and activities undertaken; analysis of historical financial results

• Review of EBITDA of the Target and quality of earnings analysis (normalized earnings); understanding of items

impacting underlying earnings (e.g. non-recurring items, non-operational items and accounting issues)

• Analysis of assets, liabilities, operational expenses and related party transactions in every material respect

• Analysis of human resource structure

• Review of business plan, assumptions and achievability

Industry Coverage by Financial Due Diligence Scope

Where Do Financial Due Diligence Services Stand in the Transaction Process?

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