Provided technical accounting services for $1 billion acquisition by large private equity group

Provided technical accounting services for $1 billion acquisition by large private equity group

We provided technical accounting services relative to a $1 billion acquisition by a large private equity group. We assisted client management in: preparing closing and opening balance sheets; analyzing the flow of funds to determine which elements should be included in purchase accounting and which elements should be excluded; and determining the accounting treatment of subsequent purchase price adjustments. We documented conclusions and relevant accounting guidance to support the client and its auditor.