In Q2 of 2024, CFOx was approached by an investment bank with a client that was planning to sell their founder-owned online gaming compliance company. At the time of the engagement, no buyer had been identified, but the investment bank wanted the client and its financials to be sale ready.
CFOx supported the transaction by cleaning up the company’s financials and performing a sell-side quality of earnings (QoE). The QoE gave the investment bank and its client a full understanding of the company’s present performance for fiscal years ended December 31, 2022, 2023, and YTD June 2024 and gave the owners a detailed understanding of EBITDA.
The final delivery included proposed EBITDA adjustments, Customer Retention analysis, Net Working Capital analysis, and Net Debt analysis. CFOx also analyzed customer and vendor concentration to provide clear insight into the quality of the business’s source of income.
The company sold in early 2025. The QoE gave confidence to the buyer, allowing a smoother and more efficient sale.
If you would like to learn more about our Transaction Services, please reach out via email (info@cfoxadvisory.com) or schedule a call directly on our Contact Us page.
TS Services Provided
- Sell-Side Quality of Earnings (QoE) Analysis
- Cash Proof Analysis
