Transaction Advisory & Share Valuation

Buying or selling a business, transferring an ownership interest or negotiating with investors requires a clear view of the financial evidence. Saifudin & Co can discuss financial due diligence and unlisted share valuation as distinct workstreams, each with its own purpose and agreed scope.

Financial due diligence

Buy-side or vendor financial due diligence focuses on the financial questions material to a proposed transaction. Depending on scope, the work may consider trading performance, earnings adjustments, working capital, debt and cash, accounting policies, significant balances and information gaps. Findings should be connected to the evidence and the questions they raise for the parties.

Financial due diligence is not an audit and provides no assurance opinion. It does not replace legal due diligence, commercial assessment or management’s decision about whether to proceed.

Non-listed share valuation

A valuation begins with the interest being valued, purpose, intended users, valuation date and available information. The approach, assumptions, financial forecasts, sensitivities and limitations need to be appropriate to that purpose. A value prepared for one transaction or user may not be suitable for another.

The engagement and any specialist requirements must be assessed before work begins. No transaction price, funding outcome or acceptance by another party is guaranteed.

How the work is organised

• Clarify the transaction or valuation purpose, parties and intended reliance.
• Agree the records required, scope, timetable and responsibilities.
• Analyse relevant financial information and document questions, adjustments and assumptions.
• Explain findings, sensitivities, limitations and matters needing further investigation.
• Identify accounting, tax, legal or other specialist input required for the decision.

Scope and responsibilities

Legal due diligence, sale-agreement drafting, fairness opinions, investment advice, listed-equity research and real-property valuation are outside the service described here. Specialist work must be separately agreed. Management and the transaction parties remain responsible for their decisions and the completeness of information supplied.

Discuss your requirements

Discuss a transaction or valuation with the proposed structure, target date, intended use, ownership interest and records available.

Further guidance

Read our articles on financial due diligence, private-company valuation and preparing for a business sale. Company-law steps should be checked against SSM’s current material.