All services
Financial Due Diligence · Deal Structuring · Capital Advisory

M&A Advisory

Independent financial due diligence, deal structuring advice, and capital advisory for corporates, private equity investors, and owner-managers navigating acquisitions, disposals, and capital transactions in Cyprus and internationally.

Financial Due DiligenceSPA SupportBuy-SideSell-SideExit PlanningCapital RaisingDebt Advisory
Our role in your deal

Independent insight
at the critical moment

Acquisitions and disposals are the moments when quality of advice matters most. Our M&A advisory team provides the independent financial insight that allows buyers to transact with confidence, sellers to maximise value, and lenders to understand the true risk they are underwriting.

We work on transactions involving Cyprus entities — whether as target, acquirer, holdco, or SPV — and bring deep familiarity with Cyprus accounting standards, tax structuring, and regulatory requirements that international advisors often lack.

  • Buy-side financial due diligence — quality of earnings, working capital, net debt
  • Sell-side preparation and vendor due diligence
  • SPA financial assistance — locked-box vs completion accounts mechanics
  • Financial modelling — LBO, DCF, merger analysis
  • Debt advisory — lender introductions and term sheet analysis
  • Exit planning for owner-managed businesses
  • Post-acquisition integration financial support
Case studies

Selected anonymised engagement examples are provided for context only. Outcomes depend on each client’s facts, evidence, implementation, third-party decisions and the law in force; similar results are not guaranteed.

Representative engagements

Buy-Side FDD · iGaming Acquisition
Financial due diligence for €22M acquisition of Cyprus-based iGaming platform operator

A European private equity firm was acquiring a Cyprus iGaming operator with MGA and CySEC-regulated entities. The buyer needed financial due diligence covering quality of earnings, working capital normalisation, and identification of contingent liabilities — including undisclosed tax and regulatory exposures.

Outcome
Quality of earnings analysis identified €1.4M of non-recurring revenue normalisation adjustments
Undisclosed CIT assessment of €280K identified — price adjusted accordingly
Working capital peg set at €1.8M based on trailing 12-month normalised average
Deal completed — buyer subsequently retained us as annual auditor
Sell-Side VDD · Tech Business
Vendor due diligence for founder-led technology business pre-sale

A Cypriot tech founder was preparing their business for sale to a UK strategic acquirer. Their historical accounts had been prepared on a cash basis without proper IFRS adjustments, and revenue recognition was inconsistent. Pre-sale preparation was needed to maximise value and reduce buyer due diligence friction.

Outcome
Three years of accounts restated to IFRS with consistent revenue recognition policy
Normalised EBITDA of €2.1M established — 18% higher than pre-restatement figure
VDD report prepared; buyer's FDD team raised no additional material points
Transaction completed at 6.5x EBITDA — founder achieved target valuation
Related services

You may also be
interested in

Ready to discuss your
requirements?

All enquiries are treated confidentially. Fixed-fee proposal where appropriate.

Confidential initial discussion
Confidential initial discussion