Test the assumptions. Make the risks clear.

Evidence before commitment.

Underwriting connects the opportunity narrative to financial assumptions, comparable evidence, market conditions and capital requirements. The review should show which assumptions matter most.

The diligence priorities.

The scope depends on the asset or business and the proposed transaction. Specialist work is coordinated where needed.

• Financial performance and market evidence
• Ownership, title and documentation
• Planning, environmental and technical considerations
• Operating performance and management
• Capital structure, financing and transaction conditions

A documented decision.

The output brings together the key evidence, material risks, outstanding information and recommended next steps. A disciplined decision may be to proceed, renegotiate, request more information or pass.