Buy-Side Diligence & Quality of Earnings Services

Support critical acquisition decisions with rigorous buy-side diligence and quality of earnings analysis tailored for strategic buyers, large enterprises, and growth-focused investors. Transjovan Capital helps uncover earnings sustainability, working capital realities, deal risks, and synergy assumptions so leadership teams can negotiate with clarity and move toward closing with greater confidence.

M&A diligence team reviewing financial reports

Our Buy-Side Diligence & Quality of Earnings Services

Focused diligence and transaction support services for strategic acquisitions, cross-border deals, and post-close value realization.

Buy-Side M&A

End-to-end buy-side advisory covering acquisition strategy, target sourcing, valuation, diligence, synergy case development, negotiation support, and closing readiness for enterprises pursuing inorganic growth.

Cross-border Buyout

Advisory support for international acquisitions across multiple markets, helping buyers assess targets, navigate complexity, and execute cross-border transactions with stronger strategic and financial alignment.

Day-1 Readiness

Pre-close planning focused on operational readiness from the first day after acquisition, reducing disruption and helping leadership teams transition faster into execution mode.

PMI & Synergy PMO

Post-merger integration and synergy management support with dashboards, workstream coordination, and board-ready reporting to help buyers convert deal rationale into measurable outcomes.

Synergy Governance

Structured governance frameworks that track synergy assumptions, accountability, and realization so acquisition value is measured by captured outcomes rather than deal volume.

Strategic Programs

Ongoing corporate development support for multi-deal pipelines, portfolio reviews, and transaction prioritization, helping acquisitive enterprises maintain disciplined decision-making.

Decision-Ready Insights

Sharper Deal Decisions, Lower Execution Risk

Buy-side diligence and quality of earnings work should do more than validate numbers. Transjovan Capital helps acquirers test earnings durability, normalize EBITDA, assess working capital, identify transaction risks, and pressure-test synergy assumptions before signing. With partner-led execution and deep cross-border M&A experience, the team equips boards, CFOs, and corporate development leaders with practical insights that support valuation, negotiation, and post-close planning.

Financial diligence analysis for acquisition target
The Transjovan Capital Difference

Why Choose Transjovan Capital?

Clients rely on a senior-led team built for complex strategic transactions.

Partner-Led

Every mandate is led by senior advisors, not handed off to junior execution teams.

Cross-Border Depth

The firm supports transactions across the US, Europe, India, and APAC markets.

Operator Insight

Ex-Big-4, ex-CXO, and board-level experience strengthens commercial and financial judgment.

Value Focus

Engagements emphasize synergy capture, integration readiness, and measurable post-deal outcomes.

Meet The Advisory Team

Experienced operators, dealmakers, and sector specialists.

Gaurav Asthana Managing Partner headshot

Gaurav Asthana

Managing Partner

Gaurav Asthana is the Managing Partner at Transjovan Capital and brings more than 21 years of experience in mergers and acquisitions and private equity. An ex-Ernst & Young and KPMG professional, he is widely recognized for cross-border M&A execution across four continents. He has advised Fortune 500 corporations, large conglomerates, and private equity funds on cumulative transactions worth USD 15 billion. His experience includes retained buy-side mandates for globally recognized enterprises such as Blackstone, Mahindra, Legrand, Altana, Sumitomo, and Cummins. Under his leadership, the firm earned recognition as the Best M&A Advisory Firm in India. He also serves in prominent industry bodies including the Indo-American, Indo-French, and Indo-German Chambers of Commerce, reflecting his strong global business network.

Deoki Muchhal Head - Consumer headshot

Deoki Muchhal

Head - Consumer

Deoki Muchhal is a strategist and advisor with extensive leadership experience across large multinational organizations. Having served as MD and CFO at Cargill India, he has led acquisitions, divestitures, joint ventures, and technology transformation initiatives designed to unlock long-term enterprise value. His background includes board-level exposure, corporate restructuring, turnaround strategy, and successful merger integration. Deoki brings a practical operator's perspective to strategic advisory, helping clients align financial, operational, and transformation priorities. He also has a strong interest in ventures that improve competitiveness through digital technologies. A meritorious Chartered Accountant and alumnus of a Fortune 50 high-performance leadership academy, he adds seasoned financial and strategic judgment to complex growth and transaction mandates.

Rajesh Relan Head – Financial Services headshot

Rajesh Relan

Head – Financial Services

Rajesh Relan brings 37 years of experience, including 25 years in senior leadership roles across the insurance industry in India and the Asia Pacific region. He previously served as Managing Director of PNB MetLife India Insurance and has deep expertise in strategy, governance, financial planning, business transformation, and M&A. His career includes launching and scaling businesses, leading turnarounds, and executing acquisitions, including the purchase of an insurance broking company. Rajesh also serves as an independent director on boards of publicly listed companies, including Singer India Ltd. and Jaykay Enterprises. His involvement with industry bodies such as CII, FICCI, Amcham, and USIBC reflects broad market engagement. He contributes seasoned boardroom insight to strategic growth and transaction advisory assignments.

Anuraag Guptaa Head – IT Services headshot

Anuraag Guptaa

Head – IT Services

Anuraag Guptaa has 27 years of experience in IT services spanning BFSI, consulting, professional services, and BPO. He has held CEO and board-level roles at organizations including First Meridian, Quess Corp, Capgemini, and Gulf Bank. At Quess Corp, he helped build India's largest technology staffing firm, culminating in a 2016 IPO at a valuation of USD 2 billion. His strengths include operational transformation, P&L leadership, greenfield venture incubation, organizational restructuring, and navigating complex M&A environments. Anuraag also mentors and invests in niche startups, bringing a growth-oriented perspective to advisory work. He is an alumnus of Harvard Business School and holds an MBA from LSE, NYU Stern, and HEC Paris, along with Six Sigma Master Black Belt certification from GE.

Chetan Tolia Senior Advisor headshot

Chetan Tolia

Senior Advisor

Chetan Tolia brings more than 30 years of leadership experience across major industrial organizations. He has served as a director on the boards of 10 Tata companies and was CEO and Executive Director of WREPL, a Tata Power company in the renewables business. His background also includes serving as Chief HR Officer of Tata Power, CEO of Tata BlueScope Steel Limited, and head of Strategy & Planning at Tata Steel. He played a key role in forming the BlueScope Steel and Tata Steel joint venture and in shaping growth strategy for large industrial businesses. With deep exposure to strategy, joint ventures, board governance, and industrial operations, Chetan adds valuable manufacturing and infrastructure insight to enterprise advisory engagements.

Portrait of Atishay Jain

Atishay Jain

Portrait of Ananya Ranka

Ananya Ranka

Portrait of Avya Malik

Avya Malik

Portrait of Chetan Tolia

Chetan Tolia

Senior Advisor

Portrait of Shanti Priya

Shanti Priya

Frequently Asked Questions

What is buy-side diligence?

Buy-side diligence is the investigation a prospective acquirer performs before completing a transaction. It typically reviews financial performance, earnings quality, working capital, customer concentration, operational risks, legal exposures, and synergy assumptions. The goal is to validate the investment thesis, identify red flags early, and give decision-makers stronger support for valuation, deal structure, and negotiation.

What is a quality of earnings report?

Why is quality of earnings important in an acquisition?

What does buy-side financial diligence usually cover?

When should a buyer start diligence in the deal process?

How does buy-side diligence support valuation and negotiation?

Can you support cross-border acquisitions and multi-market diligence?

What happens after diligence is complete?

Still Evaluating a Potential Deal?

Speak with senior advisors about diligence scope, risks, and transaction readiness.

Global Markets Served

Supporting strategic buyers and acquisitive enterprises across major international markets with cross-border corporate development expertise.

4 Regions

Global Reach

4 Offices

Office Network

250+ Clients

Client Base

Need Cross-Border Deal Support?

Discuss your target market and diligence requirements with our team.

Recognized & Trusted

Awards and Recognition

Best M&A Advisory Firm award badge

Best M&A Advisory Firm

Recognized in India for 2024.

Indo-American Chamber of Commerce membership badge

Indo-American Chamber Member

Active cross-border business network membership.

TiE Global membership badge

TiE Global Member

Connected to global entrepreneurship ecosystem.

Discuss Your Next Acquisition With Confidence

Share your transaction goals, target profile, or diligence needs, and our team will outline a practical advisory approach.

Contact Us Today

For immediate assistance, feel free to give us a direct call at 1800 102 5700. You can also send us a quick email at info@transjovancap.com.