Financial Due Diligence · Deal Structuring · Capital Advisory
Transaction Advisory & M&A in Cyprus
Transaction advisory, financial due diligence and M&A support for corporates, private equity investors, lenders and owner-managers navigating acquisitions, disposals and investments 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
Transaction advisory Cyprus
Transaction advisory from diligence to close
Our transaction advisory work in Cyprus is designed around the decisions that change deal value: sustainable earnings, cash conversion, working capital, net debt, contingent exposures, valuation assumptions and the financial mechanics written into the SPA.
We can coordinate financial due diligence, valuation, tax analysis and post-deal reporting so buyers and sellers receive one coherent financial view rather than disconnected workstreams.
Buy-side and sell-side transaction advisory for Cyprus and cross-border M&A
Quality of earnings and recurring EBITDA analysis
Net debt, working-capital and completion-account review
SPA financial schedules and locked-box / completion mechanics support
Business valuation, purchase price allocation and scenario modelling
Transaction tax coordination with Cyprus and overseas advisers
Board and investor reporting for acquisition decisions
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