Corra Group has expanded its due diligence services to startup companies, private equity and financial groups. As these companies have intensified their research on merger and acquisition prospects and startup businesses, the Los Angeles based service has sourced new national and global markets so that it can provide the necessary background checks to meet current and future researching capability.
“There is no denying the last several years have brought changes to the financial industry in general and to the startup initiatives, mergers and acquisitions, and the credit and lending sector, specifically,” said Gordon Basichis, Corra Group, Co-Founder. “Since the Recession, financiers are more wary of getting involved with businesses. Simply put, investors want to know what they are getting themselves into.”
Basichis pointed out that investors want to know more about the principals at the startups where they are considering investment opportunities. “They want to know about any criminal histories or any civil lawsuits that could red flag moving forward,” said Basichis. “They want to know if there are any embarrassing incidents that may adversely affect branding or the successful development of a company.
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