{ "media_type": "text", "post_content": "I’m curious what companies/groups handle FDD for large public company deals? Our FDD group (a big 4) seems to only work on private deals.", "post_id": "5fdebce6160e32001a4e33de", "reply_count": 8, "vote_count": 3, "bowl_id": "5bc69fa51498b20012903b07", "bowl_name": "Transaction Services, M&A, Deal Advisory" }

I’m curious what companies/groups handle FDD for large public company deals? Our FDD group (a big 4) seems to only work on private deals.

likehelpful
Posting as :
works at
You are currently posting as works at

Mostly B4s still, stay a bit longer and you will get some. Also some of the larger public deals don’t use FDD teams due to 1) limited access outside of public docs especially when two sides are competitors 2) you can get most of the larger QoE and DDL items through 10-K/Q and 8-K and won’t be that much off given the size of the deals 3) there won’t be a traditional purchase price mechanism

like

A lot of investment banks and PE firms have internal due diligence groups, who perform much of the work for large public companies.

like

So these bankers and PE guys do the QofE work for the public deals as well? I would think the bankers do the initial diligence and then hire a big 4 to do a QofE

like

I just did FDD on a 1B~ size deal. Not the first time I was on a public deal either. I would guess it is mostly big 4, A&M seems to focus on PE

like

Yeah Big4 handle almost all of them. I’ve led a number of the tax side and worked on a bunch at an associate/senior as well.

like

It’s pretty much the big 4. The bankers may do internal due diligence as part of their marketing materials, but all large transactions have a big 4 FDD on BOTH the buy-side and the sell-side

like

You probably need to align yourself with a mega fund. Ie Apollo, Carlyle etc. it’s usually only the mega funds that do them because of deal size

Depends on your location. Or silicone valley team only does deals for public companies (mainly tech obviously).

Related Posts

Which Big 4 is the biggest firm in Raleigh,NC? Does EY have an office there?

like

Anyone here go from boutique to Big 4 and able to maintain their level and pay?

What’s the big 4 equinox membership plan in NYC these days?

like

Does every consulting firm have such restricting personal investing policies? Does Independence and other restriction apply just at Big 4 or is this common everywhere ?

Are there any Big 4 or middle market firms that have national tax/policy (WNTS, NTS, etc.) practices that won’t work you to death?

like

If I don't get fired before the Xmas party I'm safe right? Like they won't fire me after the Xmas party unless I do something else. I figure they would've fired me b4 the party if they were going to

like

Has anyone jumped from Big 4 Advisory to Tier 1 Consulting firms (e.g. MBB). Was the jump at the same, higher or lower level?

like

If I make Partner at a Big 4 in M&A tax how much would I make first few years and how long till I touch $1m ?

like

How much are the hourly rates for the seasonal contractors at the B4 firms? Especially in tax. Thanks

like

For those in big 4, how much time between accepting an offer and start date have you been able to ask for? Is a month feasible/how should one phrase it? Two weeks just doesn’t feel like enough with this heavy burnout/having to wrap up deals at old firm

like

What’s the day to day like in audit at a big 4?

likefunny

PwC CMAAS offer in hand, but one thing holding me back from accepting at the moment is the work/life balance. I’m transferring from audit. I understand work/life is a little crazy right now in CMAAS. Is this expected to cool down? What were hours like before things got crazy? Better than B4 audit hours? Thanks!

like

Do recruiters assume everyone in b4 either an accountant or auditor?

like

What salary and designation would you accept to jump the ship from Salesforce to Big 4 or leading salesforce consulting company?Salesforce Deloitte Accenture EY PwC is it worth to even consider ? TC 200k

like

How is B4 life when you have small kids and a nonworking spouse?

Does anyone know if you can add someone from another Big 4 firm to your Skype contacts? Tried doing so by adding through “external contacts,” but shows their presence as unknown and can’t send message

like

What the typical Sign On Bonus amount Big 4 companies offer ? Would be great if you can share the SOBs got? $, level?

like

A question for Big 4 peeps - if you know the salary range in the group you wanna go for is 150k to 170k, how much should you say when the HR asks you how much you want? Is 180k too much to start with? (Didn’t want to start with 170k since they will only come back with lower I assume)

like

Can anyone from big 4 comment on your healthcare practices

like

What are the exit opportunities for big 4 M&A tax? Any chances to go to investment bank M&A or retiring as a big four partner is the best scenario?

likefunny

Additional Posts

Genuine question: What are the most common exit options at Google BizOps? (1) For internal transfer to PM, those teams seem to prefer to hire Google engineers. (2) For internal transfer to Chief of Staff, why those teams don’t promote their own Strategy & Op folks? (3) For BizOps internal promotion, there are not many Director positions. (4) For leaving Google, I don’t know where people usually go… Please share your thoughts / correct me if I’m wrong. Thanks!

like

What WFH upgrades have people made? I still see executives working off a laptop from their dining room table and wonder how they’ve done that for 18 months. I already had a decent desk/monitor, bought a bee webcam, and just upgraded by desk chair (should have done that a year ago!).

like

New Desi here. On L1 and will be back to India in 3/4 years. Should I do 401K ?

Hi, One of my friend is looking job opportunity in Project management role. Total experience 4.7 years and currently serving notice period 40 days left. Preferred location Delhi NCR.

like

If one is on a long workshop call (not an optional one and spanning more than a few hours) that spans across the lunch time period, does your firm or client generally provide for lunch when it's been in-person, or reimburse for lunch when it's been in-person or working from home (the latter particularly due to COVID)?

like

Is anyone in Marbella? On a project in Spain and spending weekend here, but on my own and very bored 😑

like

Hii Fishes, Can any body having idea about Goldman work culture

like

Tech raises & bonuses at Banks. Please share if you want, also mention if you were promoted, your new title, old title and previous base salary.

like

Hey 🐠 I'm in the bench this week and a confirmed project next week. Any recommendations to do with free time in NY? Should I even bother going to the office?

like

Delta Medallion question - Which platinum gift would you select?

Is pivoting into implementations a good thing to go more client facing? What are some exits out of implementations?

like

Folks, posting for a friend: Finance professional, took a break to set up a start up. Did it for 5 years. Did modestly well and sold it before returning to do an MBA. Contd:

like

Anyone can share insights on what is the average salary raise and bonus at Grant Thornton and Moody's investors service? Also, what should be the salary expectation range for a 6+ YOE, MBA, CFA ,FRM for New York Location in the financial services industry?

like

How does everyone feel about the online SHRM learning for SHRM-CP and SHRM-SCP for Certification? Do you skip around? Do you follow the path? Where does one start?

like

I’m trying to book first class tickets LAX to Tokyo for summer next year and I’m not able to find anything. Is it normally so hard to find availability? I have 350k Amex pts and am hoping to book 2 RTs

like

Unfortunately was just laid off. I’m taking this as an opportunity to look forward to new experiences and people to work with. If anyone knows of any Producer gigs, I’m now available. I’m agency side.

like

I’m 24 and my bank account is still connected to my parents. They did this to give me their Chase Private Client perks. Is there any reason or advantage to keep it like this? I want to start my own

funnylike

What's the starting base salary like for Senior Associates at TSG? Anyone willing to share numbers would be much appreciated.

Does anyone else feel like management likes to make staff the butt of every joke? It’s pretty much locker room talk every time staff spend time with management (lunch, travel, etc).

like

Unpopular opinion, crucify me as you may: Bacon is overrated. I mean, it is pretty good. But it's way overhyped, as like the best thing ever. I'm no health freak, but for how bad bacon is for you, it just ain't worth it 🤷‍♂️

likefunnysmarthelpful

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
Download Fishbowl to see what others are saying
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

For account settings, visit Fishbowl on Desktop Browser or

General

Legal