What’s one thing you wish you had done differently during due diligence?
For those who’ve closed a deal, what’s one thing you wish you had done differently during due diligence?
Curious to learn from others’ lessons the hard way.
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by a searcher
from Stanford University - Graduate School of Business
in New York, NY, USA
in New York, NY, USA
9mos ago
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by a searcher
9mos ago
from Babson College in Syracuse, NY, USA
from Babson College in Syracuse, NY, USA
I wish we did a little more diligence on the technology hardware for each of the three companies we acquired. I don't know if I would have asked for a price concession, but it would have helped from a budget perspective to know we'd have to replace certain outdated hardware.
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by a professional
9mos ago
from Ivey Business School at Western University in Toronto, ON, Canada
from Ivey Business School at Western University in Toronto, ON, Canada
Working with a client on this today, and they are happy that they had a well drafted "out-clause" on unsuccessful due diligence for a full return of their deposit. By "full return" - I mean the deposit amount as well as a carve-out that the seller had inserted into the LOI that allowed them to keep a certain amount of the deposit for their time in providing assistance with due diligence. The buyer responded to the carve out by itemizing what info they wanted to receive and a timeliness in response. The seller was slow to provide any info ...rendering their carve-out void...
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