Due diligence is not an administrative step in the investment process. It is the foundation for one of the most important decisions a company makes and it has to be conducted with sufficient scope, objectivity, and time to cover every relevant aspect.
Those three conditions are exactly where due diligence most often fails. Incomplete or inaccurate information leads to wrong conclusions. A scope defined too narrowly leaves essential risks out of the picture. And a rushed process misses what a thorough one would have caught.
We start with clear definition of the scope and goals of the analysis, in line with the nature of the investment. Only then comes a systematic review of all relevant areas - financial, operational, reputational, and environmental, focused on identifying the risks that could threaten the value of the investment.