The situation
A US-based financial guarantee company was considering acting as a financial guarantor in the sale of a portfolio of hotels in New South Wales.
Our role
We were asked to provide investigative due diligence for the financial guarantor to assist them in their due diligence for the transaction. By conducting searches of public information sources in Australia, then processing and analysing this information, we were able to provide a comprehensive report to the client. This report detailed:
- The web of family companies, businesses and trusts involved in the management of the portfolio of hotels
- The links between these entities and individuals
- The property holdings, leases and mortgages (including value) of individuals and entities
- Consumer credit records in relation to individuals running the businesses
- Magistrates’, Supreme and Federal Court judgements in relation to individuals and entities of interest
- Other public record information relating to individuals, including bankruptcy orders
- Media information relating to the entities and individuals of interest
- Visual link analysis charts were also produced to quickly and clearly convey this information to the client
Outcome
We uncovered information in addition to that revealed by the more typical legal and human resources due diligence. The client then had more comfort in the value of the information before making the decision to act as financial guarantor for this deal.
