When engaging an outside consulting firm for M&A due diligence, how should the firm and the internal cross-functional team collaborate to ensure a smooth integration process?
We’ve brought consults directly into the DD and IMO processes with the x-functional team. Consultants should essentially be the “right hand person” for the IMO Leader from DD, to IMO kickoff, to weekly functional meetings, to SteerCo meetings (and even BoD meetings if support is needed). The consultants should provide guidance throughout the process, help manage checklists, and coordinate regular IMO and SteerCo updates.