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Transaction Services insights
Technicals, interview tips, and on-the-job reality from experts.
Julien N.· 9mo ago
Landed the job at EY Transaction Services
The case studies are clear, realistic, and built real confidence. I genuinely feel the training played a key role in helping me land the job.
Warranty & Indemnity Insurance and the Role of Due Diligence
What W&I insurance is, why it's now routine in M&A, and how it raises the bar for FDD - insurers read your diligence and price cover on the strength of it.
w-and-i-insurancefddspadue-diligencem-and-aWorking with Private Equity Clients in Transaction Services
How PE buyers use FDD differently from corporates - speed, cash, downside and the SPA mechanics private equity clients care about most in Transaction Services.
private-equitytransaction-servicesfddqoespaContingent 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-itemsspaDeferred Tax in Net Debt and Due Diligence
How deferred tax is treated in FDD - DTAs vs DTLs, when deferred tax is debt-like, DTA recoverability, tax losses as deal value and the net debt bridge and SPA.
deferred-taxnet-debtev-equity-bridgespafddWorking Capital Target in the SPA: Negotiation
How the working capital target is set, negotiated and embedded in the SPA: methodology, key disputes and what TS analysts need to know.
working-capital-targetspanwcdeal-negotiationWhat is the Gap Clause in an M&A Transaction?
The gap clause in M&A locked-box deals: how it protects the buyer between locked-box date and completion, how value leakage is defined, and how FDD analysts measure it.
gap-clauselocked-boxleakagespam-and-afdddeal-mechanicsDeal Structure and the Sale and Purchase Agreement in M&A
An overview of deal structure and the Sale and Purchase Agreement (SPA) in M&A transactions, and what TS analysts need to understand about both.
deal-structurespam-and-atransaction-servicesEarn-out and Price Adjustment Mechanisms in M&A
How earn-outs and price adjustment mechanisms work in M&A deals, and what FDD analysts need to understand about their structure and risks.
earn-outprice-adjustmentm-and-aspadeal-mechanicsLocked Box vs. Completion Accounts in M&A: Mechanics, Trade-offs and TS Work
Locked box vs completion accounts in M&A: how each mechanism works, the SPA leakage clause, equity bridge impact, worked example and which structure to choose.
locked-boxcompletion-accountsspam-and-adeal-mechanics
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