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Transaction Services insights
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Off-Balance Sheet Financing: What FDD Analysts Must Spot
A systematic FDD checklist for hidden leverage: recourse factoring, guarantees, sale-and-leaseback, supplier financing and related-party debt - and how to surface it.
off-balance-sheetnet-debtfdddebt-like-itemsleverageFactoring and Securitisation: Impact on Net Debt
How invoice factoring and receivables securitisation hide leverage off the balance sheet - and the practical checks TS analysts run to drag it back into net debt.
factoringsecuritisationnet-debtdebt-like-itemsfddContingent Liabilities and Litigation in Financial Due Diligence
How FDD hunts, sizes and prices contingent liabilities and litigation: routing off-balance-sheet exposure into net debt, provisions or SPA indemnities and escrow.
contingent-liabilitieslitigationfdddebt-like-itemsspaProvisions in the Net Debt Bridge
How provisions are treated in the net debt bridge in M&A transactions: which provisions are debt-like, how to argue their inclusion, and common disputes.
provisionsnet-debtdebt-like-itemsfinancial-due-diligencePension Liabilities in Net Debt Analysis
Defined benefit pension deficits are a common debt-like item in FDD. Learn how pension liabilities are identified, valued, and treated in the net debt bridge.
net-debtpensionfdddebt-like-itemsDebt-Like Items in the Net Debt Bridge
What are debt-like items in M&A? A complete guide to identifying, classifying and arguing debt-like items in the net debt bridge.
debt-like-itemsnet-debtequity-bridgefddFinancing Costs and the Net Debt Bridge
Financing costs - accrued interest, arrangement fees, and prepayment penalties - are debt-like items that belong in the net debt bridge. Here is how they work.
net-debtfinancing-costsfdddebt-like-itemstransaction-services
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