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M&A Sell-Side Scope of Services

A. Service Content


1. Strategic Due Diligence Study


  • Identification of value-creating features of the company/project

  • Current financial analysis

  • Review of existing business operations, customers, and growth potential

  • Forecasting for potential future projects

  • Revenue and cost (CAPEX + OPEX) projections for the next five years

  • Profiling of potential investors best suited for the company

  • Preparation of a summary information note (Teaser)


2. Market Research


  • Conduct sector analysis to assess the market position

  • Identify local and foreign companies with partnership and/or acquisition potential


3. Financial Modeling and Company Valuation


  • Conduct company valuation and financial modelling in English or Turkish

  • Model designed to allow adjustments to key inputs and scenario testing (provided without password for flexibility)

  • Analysis of financial statements and cash flow

  • Development of a visual control panel for comprehensive financial analysis on a single platform

  • Sensitivity analysis (univariate and bivariate) to measure input changes on financial performance

  • Balance sheet and income statement ratio analysis for the last three years

  • Forward-looking proforma balance sheet, income statement, and cash flow projections for five years

  • Analysis of factors influencing valuation, including major/minor risks

  • Preparation of a final financial review report

  • Valuation using Discounted Cash Flow and EBITDA multiplier methods, presenting maximum and minimum valuation scenarios

  • Recommendations to preserve and/or enhance company value


4. Comprehensive Information Package (Confidential Information Memorandum)


  • Preparation of a comprehensive information package for potential investors, under confidentiality standards.


5. Meeting and Negotiation Processes with Potential Investors


  • Receive and review letters of intent

  • Coordination to address additional information requests

  • Preparation for negotiation

  • Facilitation of the bidding process

  • Financial comparisons of alternative offers received

  • Recommendation of options based on objectives, buyer motivations, financial/regulatory factors, ease and speed of transaction completion, cost implications, and more

  • Final negotiations to optimize proposals


6. Agreement Processes with Potential Investors


  • Coordination and consultancy during term sheet negotiations, including the selection of legal advisors

  • Support for financial audits or similar due diligence studies

  • Coordination of buyer due diligence processes

  • Management of the share purchase and sale agreement process up to contract signing


7. Share Transfer-Transactions (Share Purchase Agreement)


  • Oversee conditions, payments, performance bonuses, and share sale/purchase options during share transfer

  • Facilitate post-sale or post-partnership processes to align with your strategic goals and ensure optimal conditions

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