Don't Just Trust. Verify.
Financial and Commercial Due Diligence that uncovers the reality behind the pitch deck.
Kenekt provides financial and commercial due diligence services in Dubai for buy-side and sellside M&A transactions across the UAE and GCC. Our Quality of Earnings analysis, working capital assessment, and hidden liability identification give acquirers the verified data they need to negotiate with confidence — and a clear Go/No-Go recommendation before any signature is required.
- Quality of Earnings (QoE): We strip out one-time revenues to find the true sustainable earnings.
- Working Capital Analysis: Ensuring the target has enough liquidity to operate post-transaction.
- Commercial Viability: Validating customer concentration, churn rates, and market positioning.
- Hidden Liabilities: Identifying unrecorded debts, pending litigation, or tax exposures.
The 21-Day Diligence Sprint
Time kills deals. We move fast without missing details.
- Week 1: The "Red Flag" Scan: We mobilize immediately to validate cash, revenue, and legal standing. If there is a deal-breaker, you know by Day 5.
- Week 2: Commercial & Operational Deep Dive: We interview key management (if allowed) and analyze customer contracts to validate retention and churn.
- Week 3: Quality of Earnings (QoE): We rebuild the P&L from the bottom up to verify the "Adjusted EBITDA" the seller is claiming.
- Week 4: Final Investment Memo:A clear "Go / No-Go" recommendation with a quantified list of risks and required price adjustments.
Types of Due Diligence We Provide
Financial Due Diligence: Core engagement — P&L normalization, balance sheet verification, working capital adequacy, and Quality of Earnings (QoE) analysis.
Commercial Due Diligence: Market validation, customer concentration analysis, competitive positioning, and revenue sustainability.
Tax Due Diligence: Historical UAE VAT compliance review, corporate tax exposure under the 2023 regime, and transfer pricing risk assessment.
Operational Due Diligence: Management capability, key-person dependencies, and operational scalability.
Frequently Asked Questions
A QoE analysis re-constructs the seller's reported EBITDA from the ground up, stripping out nonrecurring revenues, owner personal expenses, and accounting adjustments that inflate the headline number. The result is a sustainable, repeatable earnings figure — the number you should actually be paying a multiple on.
After signing a non-binding Letter of Intent (LOI) and gaining exclusive data room access. We recommend commissioning within 3–5 days of LOI execution to allow adequate time to re-negotiate terms based on findings.
Yes. We regularly conduct limited-scope due diligence using seller-provided data room materials only, without direct management access. We flag the additional risk this creates to our buy-side clients explicitly.
We charge a fixed project fee scoped at the outset based on target complexity, data volume, and timeline. We do not charge contingency or success fees — our independence requires that our conclusion is not influenced by whether the deal closes.
