Following an accelerated M&A process, Duff & Phelps sold the business and assets to Reynolds Catering Supplies Limited in a transaction which preserved the jobs of all 62 staff.
Tjeerd Krol, Managing Director and Vicky Richards, Director in Duff & Phelps’ Disputes and Investigations practice, have written a piece for Fraud Intelligence. The article explores the practical steps a buyer of a business should take to reduce the risk of discovering fraud concealed by the target.
“Fraud risk should be high on the agenda of any potential purchaser and there are many ways that a purchaser can minimize the risk before closing the deal. The good news is that most of these will feature in any standard pre-acquisition due diligence process, so should require little additional time or resource”
The article is available to subscribers on the Fraud Intelligence website.
As Administrator, Duff & Phelps sold majority of the business and assets to Hilding Anders Holdings Limited, saving the jobs of over 100 employees.
November 28-29, 2018 La Jolla,
November 28-29, 2018 La Jolla