The Different Roles of Financial and Operational Diligence in Strategic Acquisitions

Parthenon: The thesis is quite different and the buyer may be more interested in cross selling opportunity, potential financial synergies or customer satisfaction. So I agree with you that there would be two very, very different diligence studies from the Parthenon perspective. EY: Two thirds of the time we find something that is surprising but a third of the time it's not too much of a surprise. And then frankly, just get comfortable with it anyway because they're putting money to work.