Good transactions are easier when the preparation has already been done. Transaction readiness is about reducing avoidable friction before a buyer, adviser or due-diligence process begins.
What this dimension covers
- Legal and contractual readiness
- Tax planning and professional advice
- Management information
- Deal-room and document readiness
- Compliance and documentation
- Adviser readiness
- Transaction information requirements
- Transition planning
Most transaction problems are readiness problems dressed up as deal problems. The work is almost always cheaper done in advance than under time pressure.