The data room is open and the exclusivity period is running. Diligeo analyzes every document in this French company's data room and, within 24–72 hours, delivers a report that isolates what must be renegotiated, verified, or secured before signing.
The LOI is signed and the seller has opened the full data room. The exclusivity period caps your timeline: every week counts, and costly audits only cover what they are asked to cover.
The decision to make
Do you sign, renegotiate, or walk away? The answer lies in the documents: off-balance-sheet commitments, customer dependencies, gaps between what is presented and what is real, total acquisition cost beyond the headline price.
The documents
The documents to gather.
The typical contents of a seller's data room. Diligeo processes all of it, including large files.
Complete statutory tax filings for the last three financial years
In insolvency proceedings: opening judgment and administrator's reports
The deliverable
A 15- to 40-page report, depending on scope.
Executive summary with a clear-cut recommendation, adjusted financial performance, valuation, prioritized points requiring attention, total acquisition cost, fit with your financing capacity, questions to ask your advisors.
Joinery & fit-out SME · Solvent (non-distressed) saleReal profitability
Finding: the stated EBITDA (French EBE) is not the recurring EBITDA
Reported EBITDA €246k; recurring €210k after adjustments, €198k on a conservative reading. At a 3.0 multiple, the gap shifts value by nearly €150k.
Reading: the "SCI rent at market rate" adjustment accounts for most of the gap between reported EBITDA and adjusted EBITDA. The defensible value therefore rests largely on this single assumption, which is why it makes sense to anchor the negotiation on the conservative EBITDA.
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Joinery & fit-out SME · Solvent (non-distressed) saleAcquisition financing
Total cost: what you need to raise at closing
Price of the shares €535k, seller's current account €45k, fees €38k: €618k to raise, against a financing capacity of €640k.
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Joinery & fit-out SME · Solvent (non-distressed) saleThe company and its business
Attention: one customer accounts for 31% of the business
The largest account represents 31% of revenue, the top three 59%. The continuity of these contracts after the sale is a condition of the offer.
Share of each customer in revenue (largest accounts). In blue, a customer above 10%; in red, above 20% (high concentration).
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Composite case study: figures aggregated from real cases, with no link to any identifiable company. The layout is simplified for online reading; the delivered report is a printable A4 PDF.
The method, at the level that matters to you
From raw PDF to traceable figures.
Every balance-sheet line, every ratio in the report is extracted, verified, and linked to its source. No approximation, no orphan figure.
Every figure in the report is traceable to the page and line of the source document.
Frequently asked questions
Before you send.
Between 24 and 72 business hours from the moment all documents are provided, depending on the volume and complexity of the case. The timeline is confirmed during the preliminary discussion that frames the scope.
No. Send the documents as the seller provided them, even unsorted: sorting, organizing, and cross-checking are part of the analysis. A missing document is flagged as such in the report.
Pricing
On request.
Based on the volume of the data room. A preliminary discussion frames the scope and confirms the timeline.