Transaction Support Services in India | Savlana Init

Advisory · Transaction Support

Transaction Support Services — Every Deal Deserves Rigour.

CA-led transaction support for M&A, private equity, and business acquisitions in India — financial due diligence, deal structuring, valuation, data room management, and sell-side advisory.

Transaction support covers the financial, tax, and structural advisory work required to execute an M&A transaction, private equity investment, or business sale successfully. It is distinct from legal advisory — transaction support focuses on the financial mechanics of the deal: understanding the quality of earnings, verifying the working capital position, identifying contingent liabilities, assessing tax exposure, structuring the consideration, and ensuring the financial model underpinning the deal is sound.

Our transaction support practice serves both buyers and sellers. On the buy side, we provide financial due diligence — a structured investigation of the target company's historical financials, quality of earnings, revenue sustainability, working capital normalisation, debt and liability mapping, and tax compliance status. On the sell side, we prepare the vendor due diligence report, clean up the financial records, structure the deal for tax efficiency, prepare the data room, and assist in investor negotiations.

We also provide valuation support for transaction pricing — whether for negotiating the headline consideration, defending a valuation in a regulatory filing (FEMA / SEBI), or setting the price for an ESOP or secondary share sale. Our transaction support team works with your legal advisors and investment bankers to ensure the financial leg of the transaction is handled with CA-grade rigour and is ready for investor scrutiny at every stage.

Our Transaction Support Services

Buy-Side Financial Due Diligence

In-depth analysis of the target's historical financials, quality of earnings, working capital, revenue sustainability, and tax compliance for acquirers and PE investors.

Sell-Side / Vendor Due Diligence

Preparation of vendor due diligence report and financial data room to pre-empt buyer queries and expedite deal closure for sellers.

Business Valuation

DCF, comparable company multiples, and transaction multiple valuation for deal pricing, FEMA regulatory filings, and ESOP scheme design.

Deal Structuring Advisory

Advice on structuring the transaction — asset vs share deal, slump sale, consideration mechanism, earn-outs, and escrow terms.

Tax Due Diligence

Assessment of direct tax, GST, and stamp duty exposure of the target — identifying contingent liabilities that affect deal pricing or require indemnities.

Data Room Setup & Management

Organising the seller's financial and corporate documents into a structured data room for investor review and Q&A management.

Working Capital Analysis

Defining and computing normalised working capital, peg mechanism, and locked-box pricing for SPA negotiation.

SPA Financial Schedule Review

Review of the financial schedules, representations and warranties, and indemnity provisions in the Share Purchase Agreement from a financial perspective.

Our Process

Deal Brief & Scope

We receive the transaction brief, agree on scope (buy-side DD, sell-side preparation, valuation, or full support), and assemble the engagement team.

Document Collection & Data Room

Financial statements, tax returns, contracts, and other materials are collected and organised in a structured data room.

Financial Analysis & Due Diligence

Detailed financial analysis is conducted — quality of earnings, working capital, debt mapping, tax exposure — and findings are documented.

Valuation & Deal Structuring

Valuation is completed using the agreed methodology and deal structuring options are modelled for tax and financial efficiency.

Report Delivery & Deal Support

Due diligence and valuation reports are delivered; we support the negotiation, SPA review, and regulatory filings through to closing.

Why It Matters

✓Buy-side DD identifies financial risks before you commit to the deal

✓Sell-side preparation makes your financial records investor-ready

✓Quality of earnings analysis exposes revenue that won't recur

✓Tax due diligence surfaces GST, TDS, and income tax exposure

✓Working capital peg mechanism protects against cash drain before closing

✓Valuation reports accepted for FEMA and SEBI regulatory filings

✓Data room organised to accelerate investor review and Q&A

✓CA-grade rigour across financial, tax, and deal structure dimensions

Frequently Asked Questions

Financial due diligence is a structured investigation of the target company's financial position conducted by the buyer before completing an acquisition. It covers the quality of earnings (are reported profits sustainable?), working capital (how much cash does the business need to operate?), debt and liabilities (what obligations are being acquired?), and tax compliance (what contingent tax liabilities exist?). The output is a due diligence report that informs deal pricing and SPA indemnities.

Quality of earnings (QoE) analysis adjusts the reported EBITDA or profit for non-recurring items, accounting policy choices, related-party transactions, and revenue recognition anomalies to arrive at a 'clean', sustainable earnings figure. The QoE is the most important output of financial due diligence — it is the number that drives valuation multiples and deal pricing.

Buy-side due diligence is conducted by the acquirer or investor to investigate the target before committing to the deal. Sell-side or vendor due diligence is prepared by the seller (often pro-actively) to present the business in its best financial light, pre-empt buyer queries, and accelerate deal closure. Both are structured financial investigations but serve different parties' interests.

A locked-box is a deal pricing mechanism where the economic risk and reward of the target transfers to the buyer at a historical 'locked' balance sheet date rather than at closing. The seller receives the agreed consideration without a post-closing working capital adjustment, but must ensure no 'leakage' (dividends, related-party payments) occurs between the locked date and closing. It simplifies post-closing disputes but requires rigorous locked-box analysis.

Legal advisors draft and negotiate the SPA, shareholder agreements, and regulatory filings. Transaction support advisors handle the financial leg — due diligence, valuation, working capital analysis, and tax exposure. Both are needed in any significant M&A transaction; the financial advisor's work directly informs the price, representations, warranties, and indemnities in the legal documents.

Even for smaller transactions, financial due diligence protects the buyer from overpaying for earnings that won't recur, discovering undisclosed liabilities post-closing, or inheriting tax exposures that reduce the actual value received. The cost of due diligence is typically a small fraction of the deal value and almost always identifies issues that justify the fee.

Need transaction support for your M&A deal?

We provide CA-led financial due diligence, valuation, deal structuring, and sell-side advisory — rigorous transaction support for every stage of your deal.