Cost for FDD / Legal & Tax DD in Germany - EV of c. 5m

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April 24, 2024

by a searcher in Frankfurt, Germany

Question to all German searchers:

We are a SELF-FUNDED Search Fund which is why we are on a super tight budget when it comes to DD.
We are looking at a service business with €1m - 1.5m EBITDA.

CDD and FDD we do ourselves. However, are there any experiences by German searchers that are insightful here?


How much did you spend on DD? Who did you work with? What do the banks want to see? I am super happy about any DD experiences that you had.


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Reply by a searcher
from University of St. Gallen in München, Deutschland
From my experience, total fees for a deal that size should be around###-###-#### % of EV. Would split that roughly 50/50 for tax + FDD and LDD.
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Reply by a searcher
from Bergische Universität Gesamthochschule Wuppertal in Bochum, Germany
Hi, happy to have a chat over this!
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