Corporate finance boutique Dow Schofield Watts (DSW) has formed a partnership with management due diligence consultancy Diligencia.

The partnership will offer a range of due diligence services, including financial, management, operational and commercial.

The team has worked with clients that include leading private equity houses and major high street banks in the UK.

James Dow of DSW said: “Our aim is to create the broadest and deepest due diligence service to support the corporate finance market.

“We believe Diligencia should be on the pitch list for every deal across the UK. The market has bottomed and we are ready to ride the next wave of deal making.

“We are poised to take advantage of a weak and fragmented market and are ready to grow aggressively.”

The overall value of UK buyouts fell by 72% in 2009 to £5.5bn compared to £19.7bn in 2008, representing a return to 1995 levels, according to the latest data published by the Centre for Management Buyout Research (CMBOR).

The partnership, which has its headquarters in Daresbury, brings together more than 20 dedicated specialists, with plans to increase this number.

Bruce Scott, who acquired Diligencia from the Jefferson Smurfit Group in 1995, said: “There was an obvious synergy between our teams in terms of offer and culture.”