Sitting on the legal side of acquisitions, I see that often the commercial team is very excited about the prospect of acquisition and can rush DD and ignore or excuse red flags found in the due diligence process. I agree with Mohamed that the DD process should be singularly and objectively focused on the target but think that it is a good idea for there to be “devils advocates” in the decision-making process following the DD to highlight red flags and even benchmark against other investment opportunities. This could mitigate the “group think” that can happen during M&A.
