FDDBuy-side
Financial due diligence
Test the target's numbers, secure the investment decision and support the valuation.
Independent transaction services · Small and mid-cap
Make the numbers talk.Protect the value.Close the deal.
Calder & Wynne is an independent firm dedicated to transaction services on small and mid-cap deals. We advise investors, management teams and shareholders on acquisitions, disposals, refinancings and build-ups, from the first data room to the signing of the SPA.
350+transactions advised by our partners
€5–300menterprise value, small and mid-cap
2partners on every engagement
15–20professionals in Paris
Who we work for
Advice for every side of the table.
Buyer, seller or lender, each party needs to know what the numbers really say before committing to a price.
Private equity
Buy-side due diligence, build-ups and exits for small and mid-cap funds.
Corporates
Acquisitions, carve-outs and integration for CFOs and management teams.
Founders & shareholders
Preparing a sale, vendor due diligence and support through the negotiation.
Lenders & advisors
Independent reading of earnings and cash for banks, debt funds and counsel.
Services
Four offers for every stage of the transaction.
Every engagement is led by a partner and built around what drives the price: earnings, net debt, working capital and cash.
VDDSell-side
Vendor due diligence
Prepare and structure the sale, give buyers a reliable view of the business and keep control of the process.
DDDDefence
Defensive due diligence
Respond to an unsolicited offer with a clear view of value and of the points a bidder will push on.
À LA CARTETargeted work
Targeted reviews
Focused work when the deal needs a specific answer, fast.
Our DNA
Big 4 rigour, boutique commitment.
Two partners who have spent their careers in transaction services, and a team sized for small and mid-cap timetables.
01
Independence
We only do transaction services. No audit relationship, so no conflict with your interests.
02
Seniority
A partner runs every engagement, from the kick-off call to the last question in the negotiation.
03
Pragmatism
Big 4 methods, applied to what matters for your decision. Every finding comes with its amount and its effect on price.
04
Agility
A team sized for small and mid-cap timetables: we start quickly and adapt as the process moves.
Track record
Selected engagements.
Most of our work is confidential. Engagements are described by sector, side and size only.
LBO of a facility services group
Quality of earnings, net debt and working capital for a mid-cap fund.
Sale of a dental clinics network
Vendor due diligence and buyer Q&A through a secondary buyout.
Acquisition of a SaaS publisher
Recurring revenue analysis and adjusted EBITDA for a corporate acquirer.
They trust us
In our clients' words.
Quotes shared with permission, names withheld.
“Clear findings, on time, and a partner on every call.”
“They found the two issues that mattered and put a number on each.”
“Our VDD held up through two rounds of buyer questions.”
Have a deal on the table?
Tell us about the transaction. A partner will get back to you within 24 hours, in confidence.