Technology
INDUSTRY
15,000
EMPLOYEES
$550M
ANNUAL REVENUE
Quality of Earnings Preparation
VIP SOLUTIONS CASE STUDY
BACKGROUND
A company was acquired as a carve out of a fortune 500 technology company. The acquired assets were underperforming and involved multiple profit centers.
From those profit centers, 2 of 5 were carved out and sold prior to financing efforts. The business also completed 4 additional acquisitions which were partially integrated prior to financing efforts.
Our client desired to reduce the cost of the Quality of Earnings given the breadth of the strategic activities. Our bill rates provided 66% cost reduction of large international transaction service providers.
OBJECTIVES
Identify and support non-recurring & normalizing adjustments recommended for the quality of earnings completed by a top-tier international transaction service provider.
Populate datarooms to facilitate efficient completion of the quality of earnings.
SOLUTIONS
VIP's dataroom deliverable facilitated a high efficient quality of earnings review in spite of a breadth of strategic initiatives.
Our thorough process resulted in a single additional $500,000 adjustment recommended in the quality of earnings.
Synergy efforts of the carve out, restructuring and integration included over $120 million dollars of cost reductions.
