Atlanta-based KNAV (FY20 net revenue of $8.1 million) has announced expansion of its transaction advisory practice to include both buy-side and sell-side QoE reporting.
A QoE report looks beyond the numbers in financial statements to understand the sustainable and forward-looking performance of a business at a very detailed level. Due diligence has increased, with investors seeking more in-depth quality of earnings reports, the firm says. At the same time, sellers are proactively hiring independent accounting firms to prepare a sell-side QoE report even before they put their companies up for sale to uncover potential problems.
The firm says 2021 was a record-breaking year for mergers and acquisitions with no sign of retreat for 2022.
The team, led by Viraj Bhogle, will help businesses identify operating trends, anomalies, problem areas and other factors that can affect the business’s enterprise value today and its earnings projections going forward.