Jonathan Vanderveen is a Managing Director with Alvarez & Marsal Private Equity Performance Improvement in Chicago. He assists private equity firms on pre- and post-acquisition financial reporting including compiling closing balance sheets and the related statements of working capital, leading post-acquisition disputes, such as working capital disputes and breach of representations and warranties claims, and resolving financial reporting issues, such as unreconciled accounts and unexplained variances in EBITDA.
As an expert in GAAP, Mr. Vanderveen prepares post-acquisition closing balance sheets and the related statements of cash, working capital, debt and transaction expenses. He assists clients with the implementation of purchase accounting for the opening balance sheet and liaises with company auditors to ensure a smooth and timely audit; supports buy-side and sell-side transactions in post-acquisition disputes, including working capital, earn-outs, breach of representations and warranties and other types of disputes; and has served as a neutral arbitrator on dozens of matters across a range of industries and issues.
In addition, Mr. Vanderveen assists clients facing financial statement restatements, accounting reconstructions, the inability to meet internal, external or regulatory reporting/audit deadlines, and questionable financial transactions. Mr. Vanderveen also consults to clients experiencing allegations of improper financial conduct. His experience includes consulting clients facing accounting irregularities, financial statement restatements and regulatory inquiries/investigations.
Prior to joining A&M, Mr. Vanderveen was a Partner with Deloitte. He began his career as an auditor in public accounting and he spent several years in the industry holding various financial reporting positions at a public company.
Mr. Vanderveen earned a bachelor's degree in accounting from Hope College. He is a Certified Public Accountant (CPA), Certified Fraud Examiner (CFE), a member of the American Institute of Certified Public Accountants (AICPA) and a member of the Association of Certified Fraud Examiners.
A&M announced the appointment of Dallas-based Jon Eilertsen as a CFO Services practice Managing Director within its Private Equity Performance Improvement Group (PEPI) group.
When engaged in M&A activity, companies and their counsel must be well prepared to address working capital disputes (post-acquisition disputes that arise due to working capital adjustments).
Working capital adjustments protect buyers and sellers from working capital volatility after they agree upon a purchase price. Understanding that this involves a mix of both legal and accounting concepts is critical to contractual interpretation and accounting-related nuances in merger and acquisition activity.
Companies emerging from bankruptcy may be required to apply fresh start accounting. A&M provides a comprehensive suite of services, to advise and assist companies in adopting this non-routine area of accounting and reporting – allowing management to focus on the post-emergence business.
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