We have a standard checklist that we use as a template and then customize it at the beginning of each due diligence. Each transaction has its variables, but in my opinion it is essential to start from an all-inclusive list and adjust accordingly. I also believe it isn’t enough to just check thing off the list. I ask the Directors to present to the Executive Committee a SWOT analysis of the transaction (for example IT) for their department in order to (1) show they have done an analysis, and (2) better prepare the company for integration.
