Tag: Engels

Financial accounting

Return to Private Equity CM&P partners have extensive experience in managing the process of preparing budgets, periodic figures and the annual report. This is actually work that should be done by the company’s controller. It may be that this person has not yet been found. In that case, we are certainly prepared to assist the […]

Information management

Return to Private Equity The main purpose of disclosure is to ensure that the PE firm and the portfolio company make informed decisions and that all stakeholders, both inside and outside the firm, are provided with timely and accurate information. Disclosure is a broad concept and serves many purposes. A great deal of transaction information […]

Tax office

Return to Private Equity Setting up a tax practice is really about implementing the ideas that the PE firm and its advisers had before the acquisition. The PE firm was right to focus on tax compliance. The most important thing, of course, is to make sure that there are no backlogs and that tax returns […]

Integration, structuring and culture

Return to Private Equity Integration according to plan Integrating a new company into the group is a big project, firstly for the acquired company, but also for the parts of the company with which it has to work. From the discussions at the time of acquisition and the DD study, there is an idea of […]

IT Migration

Return to Private Equity A private equity client has acquired a company that uses the parent company’s SAP system. Both parties have agreed that this will be the case for up to one year after the acquisition. After this period, the company will need to have its own IT environment running SAP.   CM&P was […]

Final settlement

Return to Private Equity Do all debtors in arrears pay as stated on purchase? Are all inventories still usable and saleable at the expected margin? Acquisitions are very often accompanied by a final settlement of the purchase price. This often involves working capital. It becomes more complex when there is a transition of services, systems […]

Quality of earnings report

Return to Private Equity In particular, the quality of earnings analysis looks at a company’s EBITDA and working capital. Are they incidental or structural? What are the main cash flow generating components of the business? What does that cash flow look like going forward? A company may have a positive net income but a large […]