Stout provided buy-side diligence services for a private equity firm making a platform investment in a corporate gifting and branded merchandise solutions company. The business is powered by its proprietary, industry-leading technology platform and a global fulfillment infrastructure providing worldwide reach to its customers.

The Stout Financial Due Diligence team performed quality-of-earnings analysis, net working capital, and net debt procedures under a quick exclusivity period.

Additionally, the business differentiates itself in the gifting industry with its technology platform that is developed in-house and ever evolving. As such, our team conducted an in-depth analysis of the company’s software capitalization policy, which was a key factor in determining adjusted EBITDA figures.

The Stout Tax Due Diligence team provided tax diligence and structuring advisory on the acquisition, which included key analyses around multi-state sales/use tax posture and payroll taxes.