When transaction value depends on untested numbers.
Independent financial review before value is committed — and after close, when working capital, reporting or control weaknesses can erode the investment case.
Independent financial and transaction support for private equity, investors and M&A teams when deal value, working capital, transaction economics or post-deal financial control require an independent read.
Protect value. Test the controls. Act before it leaks.
Every consequential financial decision should rest on established fact — not assertion — and hold up when it is tested.
Financial facts. Defensible decisions.
The HALD methodEstablish the facts. Test the assumptions. Document the reasoning.
Why
Transaction value or control is at risk.
Before signing or after close, the economics need an independent read before value leaks or governance escalates.
Typical triggers
Quality of earnings & working capital
Leakage & completion mechanics
Post-close control failures
Who it serves
Private equity, investors and M&A teams.
QoE concerns, working capital, leakage, earn-out mechanics, covenant pressure, post-deal control failures or disputed value drivers — for deal leads, operating partners and portfolio CFOs.
Scope boundary. Operator-grade financial review under an agreed scope. It is not a statutory audit or assurance opinion, and not investment advice, unless separately and lawfully agreed.
What HALD adds
Operator-grade review of the economics.
Value, completion mechanics, cash conversion and the post-close control environment.
HALD establishes the fact base, tests assumptions and documents the reasoning so decisions can be defended under scrutiny.
Senior ownership. Every mandate is led by the principal from scope to findings.
Regulated-market fluency. Statutory board experience, DNB Fit & Proper credentials and 20+ unqualified audit cycles — attaching to former appointments, not to HALD Advisory.
Operator judgement. Finance, risk, capital, liquidity and governance experience applied to the decision at hand.
Evidence discipline. Conclusions are tied to the underlying evidence and structured for external challenge.
Where HALD helps
Before signing
Test the economics
Independent read of value, working capital and completion mechanics before commitment.
At completion
Protect the price
Completion accounts, earn-out and warranty & indemnity mechanics tested before value moves.
After close
Hold the value
Leakage, reporting reliability and control gaps assessed, with a prioritised control plan.
No privileged or highly confidential information is needed initially.
Optional structured review
Rapid Case Assessment
Focused. Fixed-fee. Decision-ready.
A defined transaction or investment-committee question tested before commitment. Scope, document set, deliverables, timetable and fee are agreed in writing.
Financial facts · Model logic · Exposure range · Decision options