Turn Critical Moments Into Strategic Advantage

Whether you’re buying, selling or raising capital, BDO delivers the clarity, accuracy and deal expertise you need to reduce risks and maximise value.

M&A / valuation / due diligence


Are you considering selling your business, exploring an acquisition, planning a management buy‑out/buy‑in, or looking for a strategic partner to support growth?
These decisions may seem straightforward, but the transactions behind them are often complex and play a decisive role in a company’s development.

BDO provides the specialist advice and hands‑on support needed to reduce transaction risks while identifying and enhancing value throughout the process. Our experts have a proven track record, combining financial, analytical and strategic expertise to support you at every stage of decision‑making.

Because these decisions may carry both strategic and personal weight, an independent and objective perspective is essential. BDO focuses on the key elements of every transaction with one clear purpose: delivering solutions that align with your goals.

Whether you are evaluating strategic options, preparing for a sale, assessing an acquisition target, or seeking independent analysis, our team helps you navigate the process with clarity and confidence.

We support you throughout the entire lifecycle of the deal

Buy‑side advisory

When acquiring a business, making the right decision requires more than financial analysis — it requires deep insight into the target’s operations, risks, and long‑term value.
BDO supports buyers from the first exploratory conversation to the final negotiation:
  • Market mapping & opportunity identification to help you understand the competitive landscape and find suitable acquisition targets.
  • Target screening using strategic, financial, and operational filters to ensure a strong fit and long‑term potential.
  • Independent valuation based on robust methodologies (DCF, multiples, benchmarking).
  • Comprehensive financial due diligence highlighting risks, quality of earnings, cash flow sustainability, and working capital requirements.
  • Deal negotiation support with clear red flags, value drivers, and fact‑based arguments to strengthen your position at the table.
Our goal is simple: help you acquire the right business at the right price, with full visibility of the opportunities and risks ahead.
 

Sell‑side advisory

Selling a company is often a once‑in‑a‑lifetime event — and the outcome depends entirely on how well-prepared the business is before entering the market.
BDO helps owners maximise value, reduce deal friction, and ensure a smooth process:
  • Exit readiness assessment identifying gaps that could impact valuation or extend the deal timeline.
  • Business preparation & financial clean‑up to present a robust, investor‑ready company.
  • Vendor due diligence (VDD) to pre‑empt buyer questions, accelerate the process, and increase transaction certainty.
  • Creating compelling investment materials, including information memorandums and financial highlights.
  • Full deal orchestration, coordinating all stakeholders, advisors, and timelines from start to completion.
We help sellers confidently enter the market with a stronger position, greater transparency, and improved negotiation leverage.
 

Valuation

Accurate valuation is essential for informed decision‑making — especially when stakeholders, investors, or regulators are involved.
BDO delivers independent, defensible valuations tailored to your strategic context:
  • Transaction valuations for acquisitions, disposals, mergers, or joint ventures.
  • Shareholder and investor valuations supporting buy‑outs, disputes, or capital restructuring.
  • Financial reporting valuations (IFRS/EFRS), including purchase price allocation (PPA), intangible assets, and impairment testing.
  • Valuations for strategic decisions, including capital raising, scenario planning, or investment prioritisation.
Our valuations are data‑driven, methodologically sound, and clear enough for management, boards, and auditors to rely on.
 

Financial Due Diligence (FDD)

A transaction is only as strong as the underlying numbers. BDO’s FDD gives you clarity and confidence in the financial reality of the business:
  • Quality of earnings (QoE) to identify sustainable profitability versus one‑off items.
  • Cash flow analysis to assess liquidity, reinvestment needs, and the business’s ability to service debt or support growth.
  • Net working capital review, ensuring the correct target level is negotiated and avoiding unpleasant surprises post‑deal.
  • Balance sheet insights, identifying liabilities, adjustments, and potential risk areas.
  • Synergy assessment to quantify potential value creation in strategic acquisitions.
Our due diligence goes beyond numbers, we provide practical insights, clear explanations, and actionable recommendations.
 

Capital raising & strategic partnerships

Finding the right partner or investor can unlock new markets, accelerate expansion, and strengthen your balance sheet. BDO helps you secure the capital structure you need:
  • Investor identification targeted to your industry, strategy, and growth stage.
  • Evaluation of partnership structures such as minority stakes, strategic alliances, or joint ventures.
  • Preparing financial models and forecasts that meet investor expectations.
  • Supporting negotiation and documentation, ensuring a fair and balanced outcome.
  • Fundraising materials that effectively communicate your business’s value and growth potential.
We help companies access the right capital at the right time, without compromising control or strategic flexibility.
 

MBO / MBI advisory

Management buy‑outs and buy‑ins are uniquely sensitive transactions. They involve strategic ambition, personal commitment, and complex financing structures. BDO provides guidance that balances the needs of owners, management, and investors:
  • Feasibility assessment to determine whether the transaction structure, financing and leadership model are viable.
  • Valuation & deal structuring suitable for both management and shareholders.
  • Support with lender and investor negotiations to secure appropriate funding.
  • Financial modelling to demonstrate sustainability post‑transaction.
  • Process coordination ensuring transparency, confidentiality, and smooth execution.
Our role is to guide both sides through a fair, balanced, and well‑structured transition.
 

Why companies choose BDO

Our experts combine deep transactional expertise with local market knowledge and a global network in over 160 countries. We bring an objective, independent, and analytical perspective, particularly critical when decisions carry financial, strategic, and sometimes personal weight.

What you can expect from BDO:
  • Independent, fact‑based advice
  • Clear identification of risks and value drivers
  • Sharp financial and strategic insights
  • Efficient project management and smooth execution
  • A pragmatic, results‑oriented approach focused on your goals

Achieve clarity and confidence in your next transaction

 

Learn more about our services:


Whether you are evaluating strategic options, preparing for a sale, assessing a potential acquisition, or seeking independent analysis for decision‑making, our advisory team supports you at every stage of the transaction.

Kristjan Puu

Kristjan Puu

Associated Partner, Financial Advisory Services Director
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Sulev

Sulev Luiga

Managing Partner, CEO
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