Daresbury-based corporate finance boutique Dow Schofield Watts has formed a partnership with Warrington-based management due diligence consultancy Diligencia.

The firm said that the new partnership would offer a broad-ranging due diligence service covering financial, management, operational and commercial due diligence.

Bruce Scott, who led a buyout of the Diligencia business from packaging giant Smurfit in 1995 said there was “an obvious synergy between our teams in terms of offer and culture”.

Dow said that the Warrington-based partnership would bring together 20 due diligence specialists.

“No other business, including the big four, is offering this depth and breadth of expertise,” he said. “Our consultants are not just academics – we have all run businesses and been at the sharp end. We bring real commercial experience.”

The new partnership will work with banks and private equity houses at pre-investment stage and directly with plc and corporate clients at both pre and post-investment phases.