This is the work of getting a company genuinely ready for a sale, so the value stands up when a buyer’s advisers start pulling on it. You do this in the year or so before a process, while there’s still time to fix what diligence would otherwise find and discount.
When to hire an external consultant
A sale is on the horizon and you’d rather find the problems yourself than have a buyer find them and reprice.
Your numbers and your equity story aren’t yet in the shape a serious process demands.
You need someone who’s sat on the buy-side and knows exactly where they’ll dig.
Typical activities
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Running the exit readiness review: a vendor-side look at where value could leak in diligence.
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Cleaning up the quality of earnings, the working-capital story and anything that won’t survive scrutiny.
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Building the equity story and the numbers behind it, so the plan is credible rather than hopeful.
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Getting the data room, the reporting and the KPIs into a state that speeds a process up instead of stalling it.
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Fixing the fixable issues while there’s still time, and flagging the ones to get ahead of.