Legal due diligence is the process by which a buyer investigates the target business it is intending to buy. This process allows the buyer to assess its valuation, determine positive and negative features, and find information to aid integration post-completion. The due diligence process is integral to a M&A transaction, but it is not without challenges, so it is beneficial to understand some steps to make the process smoother.
Key learning objectives:
Define legal due diligence
Explain the purpose of due diligence
Describe the challenges associated with a M&A transaction and what steps you can take to make the process smoother