Series Part 4: Clear As Mud
Navigating the landscape of completion accounts can sometimes feel like deciphering a code, especially when relying solely on accounting standards. This may seem contradictory – the accounting standards are the framework most companies apply to their financial statements and often the seller warrants the adherence of those financial statements to accounting standards – so why […]
Series Part 3: The Only Constant Is Change
In many transactions, when it comes to how the completion accounts will be prepared, phrases like “we will do it consistent with past practice”, “we will just do it the way we have always done it” or “we will just do it in a manner consistent with the last audited accounts” are all too common. […]
Series Part 2: Mind the Gap
In any M&A transaction, there is often a knowledge gap between teams and advisors that can lead to lost value and acceptance of unknown risks. For instance: The valuation team may be unaware of the nuances of the purchase price adjustment mechanism in the sale & purchase agreement (SPA) and miss critical adjustments in the […]
Mastering Completion Accounts: Kardia’s Proven Game Plan for Success
In the ever-evolving landscape of Mergers and Acquisitions (M&A), completion accounts are no longer just a post-transaction formality, they are becoming a strategic battleground where some emerge victorious, while others face regrettable outcomes. Recent paradigm shifts by some players are also turning it into a calculated tool for extracting additional value – sometimes exceeding the […]