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The Target CFO of a +$500m business who didn’t recognize their own financials the buy side team (us) had grabbed from the VDR and pasted on a slide as part of the management meeting deck. Very awkward moment when they declared that they couldn’t comment since they hadn’t seen the numbers before
I love the middle market. Love.
I know of a 100 year old nearly $1bn professional services company that still does cash based accounting….baffling.
I got the cold sweats reading that.
Being asked to validate $50M in synergies when we couldn’t even come up with a baseline…
International transactions in third world countries. Always a nightmare.
Talked to a $60 million in rev business that sold 3 SKUs. We asked for a breakdown of what they sold of each and at what price. They had no idea how much they sold over the course of a year. They tracked everything in excel and it took 2 months to get usable data