Iter Audit works closely with other companies it can rely on and dedicates an interdisciplinary team of specialist professionals to assist clients during each stage of M&A transactions.

Our experienced professionals can help you to look for and identify a target, support you in the due diligence, negotiating and outsourcing process, as well as in the subsequent integration phases.

During the pre-acquisition phase, we assist the company to assess the economic sector and reference market; in particular, our professionals can supply the following:

• Sector analysis
  • Economic aspects
  • Legal/fiscal aspects
  • Technological aspects
  • Social/political aspects
    
• Market
  • Research and meetings with competitors
  • Analysis of competition
  • Market/product analysis
  • Analysis of value chain
    
• Strategic technological services
  • Analysis of technology
  • Technological due diligence
• Management
  • Assessment of management structure
  • Meetings with management
  • Benchmark with competition management structure
  • Company/management needs analysis

Again, during the pre-acquisition phase we assist clients to detect latent potential, to analyse key issues and to assess the business risks as follows:

1. Business Overview
   1. SWOT analysis
   2. Review results of current year
   3. Analysis of market trends
      
2. Budget and forecasts
   1. Review dei risultati dell'anno in corso
   2. Budget analysis
   3. Discussion of financial estimates
   4. Study of assumptions underlying forecast figures
      
3. Historical data
   1. Analysis of operating results
   2. Analysis of financial statement
   3. Analysis of cash flow
      
4. Other
   1. Management structure review
   2. Identification of potential significant aspects of integration
   3. Assessment of potential effects of splits/transfers on performance
   4. Identification of potential liabilities
   5. Analysis of financial methods used in the transaction

In order to maximise the value of the transaction, we assist our clients by carrying out the following services; for certain areas pertaining to them, we also work with reliable professionals.

1. Preliminary due diligence
   1. Sales memorandum
   2. Preparation financial figures
   3. Market analysis
   4. Analysis of competitive positioning
   5. Due diligence
2. Support during process
   1. Support in negotiating phase
   2. Analysis of guarantees
   3. Review of agreements relative to the transition phase
3. Follow-up due diligence
   1. additional due diligence procedures on exclusive purchaser instructions
4. Due diligence and legal assistance
   1. Identification of fiscal risks and potential liabilities
   2. Analysis and planning of the most efficient structure from the fiscal viewpoint in business and company acquisitions in international terms
   3. Fiscal planning of possible exit strategy
   4. Assistance in negotiating fiscal guarantees in contractual agreements
   5. Fiscal consultancy in international transactions
      Establishment of companies (NewCO)
5. Due diligence and legal assistance
   1. Analysis of intellectual property and tangible equity
   2. Analysis of contracts and existing commitments
   3. Identification of potential liabilities
   4. Labour law due diligence
   5. Environmental due diligence: verification of records of conformity with European and local standards
   6. Assistance with antitrust compliance
   7. Legal assistance in preparing letters of intent and contract.

After acquisition, our services are structured to facilitate our clients in knowledge of critical areas for the success of the transaction.

1. Accounting, fiscal, legal
   1. Accounting service
   2. Fiscal planning*
   3. Legal assistance*
   4. Management Accounting*
   5. Reporting & Monitoring ReviewIT, Operations,
2. Organisation, Performance, Strategy
   1. Operating due diligence
   2. Supply Chain Management
   3. Change Management & Post Merger Integration
   4. Re-design of processes, systems and IT
   5. Improvement of performance and strategic alignment
3. Financial structure
1. Assessment of financial structure
2. Analysis of working capital and of investments
3. Analysis of cash flow
4. Finance and cash
1. Cash & Financial Management
2. Analysis of processes and management of financial risk
3. Cash platform
4. Re-design of cash processes
   

*some of these services are outsourced to reliable consultants

We provide the CEO and investors with an assessment of the strategy adopted, the analysis of the historical results and the achievement of goals/projections

1. Business assessment
   1. Comprehension of the business drivers
   2. Analysis of strengths and weaknesses
   3. Management structure review
   4. Identification of priority areas of interest
2. Assessment of strategic/financial plan
1. Review of validity and consistency
2. Identification of key factors if estimated targets are not reached
3. Analysis of appropriateness of covering any critical areas
3. Analysis of performance
1. Analysis of business performance in the past
2. Analysis of forecasts
3. Identification of any risks that may affect future performance
4. Analysis of recognising, handling and resolving critical areas found in the past

We assist our clients in each phase of the stock exchange listing process with the services below; some of these are outsourced to reliable consultants

1. Project management
   1. Preparation of the company for the listing process
   2. Assistance in assessing sponsors and lawyers
   3. Coordination of all external advisors
2. Strategic review
   1. Definition of strategic structure of the company
   2. Analysis of strategic position
   3. Market analysis
   4. Financial analysis
   5. Management review
3. Assistance in preparing the Business Plan
   1. Analysis of market projections
   2. Review of financial projections
   3. Analysis and capacity for actual realisation of the business plan by management

Assistance in preparing the prospectus

1. Chapter 1: description of the business
2. Chapter 4: information on equity, financial position and economic results
3. Chapter 5: Information on recent results and future prospects