About
Rishabh Kochar is a director at Accuracy. He brings over a decade of professional experience in corporate finance and due diligence, thanks to his work in key financial hubs across the UK, India and the US during his career at Accuracy, Duff & Phelps (now ‘Kroll’) and EY.
Rishabh has worked on various M&A engagements advising both PE houses and strategic investors across the full transaction lifecycle, with a specific focus on financial due diligence (buy-side and sell-side), vendor assistance and valuation.
Qualifications
- Chartered Accountant, The Institute of Chartered Accountants of India (ICAI)
In-depth expertise
Rishabh specialises in M&A transactions for both private equity firms and corporate clients in the context of acquisitions and disposals. He regularly conducts buy-side and sell-side financial due diligence, provides vendor assistance and has extensive experience with cross-border deals and carve-out. He has advised on the financial terms of share purchase agreements and purchase price adjustments, completion account mechanisms and complex carve-out transactions across multiple industries.
Rishabh is particularly well versed in key accounting issues affecting companies in the technology sector, including revenue recognition for software and SaaS models, capitalisation of development costs, treatment of customer acquisition costs, stock-based compensation, deferred revenue and annualised recurring revenue analysis.
Example of engagements
Transaction support (private equity and corporate acquisitions)
- Buy-side due diligence and ARR evaluation of the target, a provider of healthcare software
- Numerous buy-side financial due diligence engagements for a prominent US-based private equity fund, supporting their bolt-on acquisitions of targets across various sectors, including IT services and industrial products
- Buy-side due diligence for a leading investment firm on a technology-enabled platform providing specialised procurement services, assessing a business with a global gross merchandise value (GMV) exceeding $3 billion.
- Assistance to a major family office in the potential acquisition of a target company engaged in providing specialised software services to the telecommunications sector
- Buy-side due diligence on an AIM-listed company providing digital music and radio platform services for a private equity investor
Sell-side and complex carve-outs
- Sell-side due diligence and vendor assistance to a global diversified industrial group involving the preparation and execution of a complex carve-out of its global sensor business for its sale to an investment fund
- Sell-side due diligence for a family-owned healthcare company engaged in the manufacturing and distribution of specialised products, preparing them for a strategic divestiture
- Advice on and negotiation of completion account mechanisms and purchase price adjustments for multiple cross-border transactions in the manufacturing, healthcare and service sectors