FINANCIAL DUE DILIGENCE SERVICES Mazars Denge, with 40 years of experience, serves a portfolio of over 1,000 companies from different industries (over 50% multinational businesses) with 330 professionals, including 35 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?
First Contact
Letter of Intent
Due Diligence Services Negotiations and Preparation of SPA
Signing of SPA
Completion Review and Final Purchase Price Determination
First Valuation
Post-Merger Integration Valuation before/after negotiations
Effective Date
Follow-Up of Representations and Warranties and Earn-Out Computation
Signing Date
Closing Date
CONTACT Hürriyet Mah. Dr. Cemil Bengü Cad. Hak İş Merkezi No:2 K:1-2 Çağlayan 34403 Kağıthane/İstanbul T: (+90 212) 296 51 00 F: (+90 212) 296 51 44 gmuftuoglu@mazarsdenge.com.tr www.mazars.com.tr tr.linkedin.com/company/mazarsdenge
Gökçen Müftüoğlu Çapa Head of Financial Due Diligence Services