Before going forward with a deal, all private equity firms conduct extensive due diligence in the areas of legal and finance.

The board, which is now conducting due diligence on candidates, may then move quickly.

The parties held preliminary discussions and conducted due diligence from February through July 2004.

"As we were conducting due diligence around the poor-performance issues, the pending investigation came to light," she said.

The first required financial institutions to conduct due diligence about who their customers are and where their money comes from.

According to the lawsuit, the trust brochures made it seem that its officials had conducted extensive due diligence to identify top investments.

They agreed with the administrators to fund the £250,000 monthly deficit so they could conduct due diligence.

"News Corp is continuing to conduct due diligence and the negotiations are not complete."

Following this meeting, the council's finance committee was authorised to conduct due diligence on the railway.

In 2006, he became regional director of a strategic consulting firm conducting due diligence for private equity and venture capital firms.