Due Diligence

You might ask what Ice Hockey has to do with Corporate Finance and Due Diligence ? Both are competitive, conducted at speed, prone to collisions and are very risky, The ice on the rink is solid although the terrain of due diligence is uncertain.Failure can break businesses and even end careers ! 85% of mergers and acquisitions fail to increase shareholder value. Wayne Gretzky is a former Canadian ice hockey player and head coach. Nicknamed the “Great One” he has been called the greatest ice hockey player ever. He is the leading goal scorer, assist producer and point scorer in NHL history. Wayne Gretzky famously said “I skate to where the puck is going to be, not where it has been” not only as advice for ice hockey, but for life and business in general. Ice hockey is played at a frantic and frighteningly quick pace. Due diligence also proceeds at a frenetic pace, and keeping up with play or process is just as tricky. Even experienced staff can have an inability to keep up to speed. Due to COVID governments and regulators are freeing up the operation of capital markets and access to debt and equity. This is contributing to both volume and momentum of deals. Glentaffe have the right team and the templates and checklists to ensure the right questions are asked.

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