Private Equity Fund Declines Acquisition After Employment Due Diligence

In an investigation related to a potential acquisition of a retailer by a private equity fund, our firm uncovered serious non-compliance with labor laws, which upon correction would have major impact on the target company’s stated earnings before interest, tax, depreciation and amortization (EBITDA). When the seller refused to make a price adjustment, the private equity fund declined to go forward with the deal.

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