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Transaction advisory for businesses buying, selling, or raising capital.

M&A advisory, financial due diligence, deal structuring, capital raising, and debt syndication — connected to empanelled corporate finance professionals who engage and bill you directly.

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What is m&a and corporate finance?

Corporate finance and transaction advisory covers the analysis, structuring, and execution of significant financial transactions — mergers, acquisitions, capital raises, and debt restructuring. Each transaction type requires a different combination of financial analysis, regulatory knowledge, and negotiation support. The professionals on Lekha's panel are experienced transaction advisors with specific expertise in Indian M&A and capital markets.

Is this right for you?

  • Companies preparing for an acquisition or management buyout
  • Business owners considering a partial or full exit to a strategic or financial buyer
  • Growth-stage businesses seeking equity or hybrid capital from private equity or family offices
  • Companies wanting to raise term loans or working capital through syndicated debt
  • Acquirers conducting pre-transaction financial due diligence on a target
  • A strategic buyer or PE firm has approached you about an acquisition
  • You're planning to acquire a business and need financial due diligence on the target
  • You need growth capital but aren't sure whether to raise equity, debt, or a hybrid
  • Your company needs to syndicate a large working capital or term loan facility
  • You've signed an LOI for an acquisition and need deal structuring advice before the SPA

Key benefits

Transaction-experienced professionals

Generic accounting knowledge is not enough for M&A work. Our panel includes professionals who have been the lead advisors on completed transactions, not just observers.

Independent, conflict-free advice

Unlike investment banks with capital market relationships to protect, our empanelled advisors are independent. Their advice is not shaped by a desire to close a deal.

Structured from the right side

Deal structure (share deal vs. asset deal, deferred consideration, earnouts, reps and warranties) has significant tax and commercial implications. Getting it right before the SPA is signed saves material cost.

Frequently asked

What is financial due diligence and what does it cover?

Financial due diligence is a buyer's independent review of a target company's financial statements, accounting policies, working capital, debt, and off-balance-sheet items before completing an acquisition. It verifies that the financials represent what the seller claims and identifies adjustments to the purchase price or terms. It typically covers quality of earnings, working capital analysis, debt and cash confirmation, and tax exposures.

What is the difference between a share deal and an asset deal?

In a share deal, the buyer acquires the shares of the target company, inheriting all its assets and liabilities. In an asset deal, the buyer acquires specific assets (plant, customer contracts, IP) without assuming the company's liabilities. Share deals are simpler but carry historical liability risk; asset deals allow cherry-picking but require more documentation and may trigger GST on asset transfer.

What is an earnout and when is it used?

An earnout is a deferred portion of the acquisition price that is paid contingent on the business achieving specified financial targets after the sale. It is used when the buyer and seller disagree on current valuation — typically when the seller believes the business will perform significantly better in the near future. Earnouts introduce post-closing performance risk for both parties and must be carefully drafted.

What is debt syndication?

Debt syndication is the process of arranging a loan from multiple lenders simultaneously — typically for amounts that are too large for a single bank or require a combination of term loan, working capital, and other facilities. A debt syndication advisor structures the facility, prepares the information memorandum, approaches multiple lenders, and negotiates terms to achieve the best combination of quantum, pricing, and tenure.