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Biographical note
Excerpt
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An effective Financial Due Diligence exercise is the cornerstone of a successful Merger & Acquisition deal between a prospective buyer and a seller willing to carry out an arm’s length deal throwing up a win-win situation for both. A robust Financial Due Diligence is even more necessary in today’s business environment, fraught with uncertainties, to critically assess the health and hygiene of the target entity to drive a proper valuation acceptable to both the constituents.
This book will equip you with the knowledge, practical tools and techniques you need to enable you to conduct an effective Financial Due Diligence. It also discusses aspects of corporate restructuring including the possible impact of the ongoing pandemic on the target organization.
Key features
An effective Financial Due Diligence exercise is the cornerstone of a successful Merger & Acquisition deal between a prospective buyer and a seller willing to carry out an arm’s length deal throwing up a win-win situation for both. A robust Financial Due Diligence is even more necessary in today’s business environment, fraught with uncertainties, to critically assess the health and hygiene of the target entity to drive a proper valuation acceptable to both the constituents.
This book will equip you with the knowledge, practical tools and techniques you need to enable you to conduct an effective Financial Due Diligence. It also discusses aspects of corporate restructuring including the possible impact of the ongoing pandemic on the target organization.
Key features
B.D. Chatterjee [FCA, ACMA, ACS, Dip IFR (ACCA - UK)]
B D Chatterjee is a business and finance leader with over 40 years of rich industry experience in overall business and finance functions. A Chartered Accountant with CS and CMA qualifications, he holds a diploma in IFRS from UK.
He possesses expertise in implementation of best practices in finance, corporate governance, change management through business process and financial re-engineering and enterprise risk management. He has rich experience in mergers and acquisitions including financial due diligence and business valuation.
He has extensive knowledge and experience in industries like industrial gases, engineering polymers, agrochemicals, FMCG and dairy products, health care and manpower services, among others.
Apart from consulting practice, he has handled many high-profile leadership positions like CFO/VP/Director Finance assignments in global MNCs (Linde, DuPont, and Kelly Services) and large Indian conglomerates (Mother Dairy group, Max India).
He has also been associated with an International Institute as a visiting faculty and taught finance professionals, Diploma in IFRS as well as certificate courses of IFRS organized by ACCA Global (UK).
Currently he is associated with a reputed international think tank, ACCESS Health International Inc. as their global CFO for the past six and a half years. The operation of the organization spans across countries like the United States, South Asia, China, Middle East, and Southeast Asia. This stint has provided him invaluable experience in handling global finance and compliance management.
He is an established author, and his books include contemporary business and finance topics like International Financial Reporting Standards (IFRS), Indian Accounting Standards (Ind AS), Business Valuation, Financial Due Diligence, Enterprise Risk Management and Corporate Governance published by reputed publishers. All his books have been showcased on his website bdchatterjee.com.
Linked in profile: in.linkedin.com/pub/biswajeet-chatterjee/2/5a9/b6/
Second edition, 2021
First published in India, 2021
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B D Chatterjee is a finance leader with over 40 years of rich industry experience in overall business and finance function. He is a Chartered Accountant with CS and CMA qualifications and holds a diploma in IFRS from UK.
During his long and enriching career, he has handled many high-profile leadership positions like CFO/VP/Director Finance assignments in global Multinationals (BOC Gases, DuPont, and Kelly Services) both in India and abroad and large Indian conglomerates (Mother Dairy group, Max India) in India. In handling the above positions, he acquired extensive knowledge and experience in industries like industrial gases, engineering polymers, agro chemicals, FMCG and dairy products, health care and manpower services, among others.
Apart from the above he also has a deep consulting experience in managing CFO solutions including Enterprise Resource Planning Systems projects in various industries spanning from food and beverage (PepsiCo franchisee), telecom, auto ancillary industries, and Quick Serve Restaurant chain (McDonalds) to name a few.
He possesses expertise in implementation of best practices in finance, corporate governance, change management through corporate restructuring, business process and financial re-engineering and enterprise Risk Management. He has rich experience in Mergers and Acquisitions including financial due diligence and business valuation.
He had also been associated with an International Institute as a visiting faculty and taught finance professionals Diploma in IFRS as well as certificate courses of IFRS organized by ACCA Global (UK).
Currently, he is associated with a reputed International Think Tank ACCESS Health International Inc as their global CFO for the past six years. The operation of the organization spans across countries like the United States, India, China, Middle East, and Southeast Asia. This stint has provided him invaluable experience in handling global finance and administration in digital space, intricate compliance management prevailing in various countries, risk management and international governance processes like global Audit and Assurance process including Audit Committee and international Board Meetings.
He is an established author, and his books include contemporary business and finance topics like International Financial Reporting Standards (IFRS), Indian Accounting Standards (Ind AS), Business Valuation, Financial Due Diligence, Enterprise Risk Management and Corporate Governance published by reputed publishers. For details of all the books please refer to his website bdchatterjee. com
Linked in profile: in.linkedin.com/pub/biswajeet-chatterjee/2/5a9/b6/
Address:
1/B Panditia Place
Kolkata 700029
West Bengal
Mobile: 9810119275
In these uncertain times we witness on the one hand conventional businesses going out of existence one by one and on the other new doors of opportunities opening up in other spheres. As a fall out of this, the emergence of inorganic growth through mergers and acquisitions has become more relevant, where financially viable organizations are planning to take over comparatively weaker organizations to bring about more synergies and usher in consolidation and growth for the foreseeable future. This thought induced me to come up with a book on Financial Due Diligence based on my practical experience of many years.
It is known that an effective financial due diligence exercise is the cornerstone of a successful merger & acquisition deal between a prospective buyer and a seller willing to carry out an arm’s length deal throwing up a win-win situation for both. A robust financial due diligence is even more necessary in today’s business environment to critically assess the health and hygiene of the target entity and drive a proper valuation acceptable to both the constituents.
The book professes to address the following areas:
(a) It starts with a curtain-raiser on corporate restructuring including the possible impact of the ongoing pandemic on the target organization,
(b) It provides a broad commentary on the due diligence approach,
(c) The seller side approach to financial due diligence and the pitfalls leading to a proverbial black hole of valuation has been explained,
(d) A deep dive is carried out into the buyer side approach to financial due diligence including detailed checklist to review and evaluate each section of Financial Statements,
(e) It delves into the tools used to handle financial due diligence, which are:
– Financial modelling;
– Financial statement analysis and use of financial ratios;
– Various methods in use in Business Valuation with illustrations;
– Distress Analysis of target entities.
(f) It discusses in detail Enterprise Risk Management through control environment, mitigating defective controls and its impact on Financial Due Diligence approach,
(g) Finally, it highlights certain practical case studies, which I picked up from my experience of many years in this field.
(h) At the end, a brief questionnaire has been added as guidance to carry out financial due diligence exercise.
I would like to take this opportunity to mention that while considerable care has been taken to ensure that the contents of the book are accurate, a few errors and omissions might have crept in, for which I seek with all humility to my readers to bear with me.
I would like to dedicate this book to my wife Debika, my daughter Bidyut and my son Badri, all of whom have stood by me while developing this body of work.
B D Chatterjee
1/B Panditia Place
Kolkata 700029
West Bengal
Email: bdchatterjee105@gmail.com
Chapter 1 Corporate Restructuring
Chapter 2 Due Diligence Approach
Chapter 3 Seller side Financial Due Diligence
Chapter 4 Buyer side Financial Due Diligence
Chapter 6 Financial Health and Hygiene Analysis
Chapter 7 Business Valuation Methods
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