You certainly need to engage reputable law firms to do legal DD and reputable accounting firm to do financial DD.
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What should we look for in a due diligence partner?
What should we look for in a due diligence partner? As a fund that has never invested in the United States, we want to find a due diligence partner who can outline the risks/upside to ensure we pay a fair price and are able to close a deal. What qualities should we look for in choosing this member of our team?
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Thank you for your question. I would recommend the Big 4 accounting firms: I have relationships with the right transaction people at Ernst & Young and KPMG. Both have extensive experience working with cross-border investors, including Chinese companies and individuals. I am happy to make an introduction for you. Please contact me directly via my profile.
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I believe that working with a group like our firm that is purposed and aligned with your interest is the place to start. Firms like ours have worked with a broad range of partners in development and due diligence. Sometimes it’s about avoiding bad partners in such an instance and sometimes it’s about making sure the team works well together. It is also critical to work with a team of people that an advisory firm like us can help you manage through the process and to not be driven by fees and commissions from the partners recommended. Their duty of care should be to you and your firm. Hope this helps.