{"id":36357,"date":"2026-01-14T15:34:42","date_gmt":"2026-01-14T21:34:42","guid":{"rendered":"https:\/\/www.bbrown.com\/?post_type=case_study&p=36357"},"modified":"2026-01-20T08:44:57","modified_gmt":"2026-01-20T14:44:57","slug":"coverage-and-diligence-challenge","status":"publish","type":"case_study","link":"https:\/\/www.bbrown.com\/ie\/case-study\/coverage-and-diligence-challenge\/","title":{"rendered":"Coverage and Diligence Challenges for Acquisition with Substantial International Operations"},"content":{"rendered":"

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Case Study<\/p>\n

\n Coverage and Diligence Challenges for Acquisition with Substantial International Operations\n <\/h1>\n\t\n <\/div>\t\t\t\t\t\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\n\t<\/div>\n\n\t\n[\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ full_width=”stretch_row” equal_height=”yes” content_placement=”bottom”][vc_column width=”1\/4″][vc_single_image image=”791″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n
\n \n

\n The Request\n <\/h2>\n\t\n <\/div>[vc_column_text css=””]<\/p>\n

International tax diligence reluctance<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-1″ equal_height=”yes” content_placement=”bottom”][vc_column][vc_column_text css=””]<\/p>\n

Company Profile<\/strong><\/h4>\n

Acquirer Type:<\/strong> Private Equity Firm<\/p>\n

Target Industry:<\/strong> Cyber Security<\/p>\n

Geography:<\/strong> US and International<\/p>\n

A private equity firm engaged Brown & Brown in connection with the acquisition of a domestic cybersecurity provider with operations and subsidiaries in the United Kingdom, Philippines, Australia and New Zealand.<\/p>\n

Request<\/strong><\/p>\n

Potential RWI carriers required international tax diligence on those related areas of risks.<\/p>\n

However, the private equity fund was reluctant to conduct the requested international tax diligence because of timing and cost. Further, the customer perceived the risk of loss from those exposures to be low.<\/p>\n

On our advice, the customer asked its usual tax due diligence provider to estimate the cost of producing the diligence. Unfortunately, their usual tax due diligence provider required a significant fee to conduct the diligence. Based on the diligence proposal, our customer was prepared to forgo coverage.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ full_width=”stretch_row” equal_height=”yes” content_placement=”bottom” css=”.vc_custom_1638896243466{background-color: #eaeaec !important;}”][vc_column width=”1\/4″][vc_single_image image=”794″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n

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\n The Solution\n <\/h2>\n\t\n <\/div>[vc_column_text css=””]<\/p>\n

Cost-effective full coverage solution<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-1″ full_width=”stretch_row” css=”.vc_custom_1638896256859{background-color: #eaeaec !important;}”][vc_column][vc_column_text css=””]The private equity fund asked Brown & Brown to find a solution to get full coverage at a cost that was commensurate with its perception of risk.[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_bottom=”pb-2″ equal_height=”yes” content_placement=”bottom”][vc_column width=”1\/4″][vc_single_image image=”792″ img_size=”full”][\/vc_column][vc_column width=”3\/4″]\n

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\n The Results\n <\/h2>\n\t\n <\/div>[vc_column_text css=””]<\/p>\n

1. Negotiated reduced diligence scope<\/h3>\n

2. Cut costs by 50%<\/h3>\n

3. Full coverage with real recoveries<\/h3>\n

[\/vc_column_text][\/vc_column][\/vc_row][vc_row row_padding_top=”pt-2″ equal_height=”yes” content_placement=”middle”][vc_column][vc_column_text css=””]Through effective negotiations and our professional and personal networks, Brown & Brown was able to craft a solution that achieved the customer\u2019s objectives by reviewing the proposed tax due diligence scope and negotiating a reduced scope with the RWI carrier, effectively arguing that certain foreign jurisdictions were \u201cimmaterial\u201d to the risk and, therefore, should not require due diligence.<\/p>\n

Additionally, the team arranged for a Big-4 accounting firm to conduct the reduced scope due diligence for roughly 50% of the usual provider\u2019s proposed fee.<\/p>\n

The result was full coverage for tax exposures in all foreign jurisdictions at half of the expected due diligence expense.<\/p>\n

The customer has collected roughly $3M in losses related to tax exposures in the Philippines and has open claims in the United Kingdom, Philippines, Australia and New Zealand that will likely result in significant additional recovery.<\/strong>[\/vc_column_text][vc_single_image image=”1423″ img_size=”medium” onclick=”custom_link” img_link_target=”_blank” css=”” link=”https:\/\/www.bbrown.com\/wp-content\/uploads\/2026\/01\/Case-Study-\u2013-RWI-3-\u2013-Brown-Brown_web.pdf”][\/vc_column][\/vc_row][vc_row][vc_column]\n

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Ready to help minimize your risk and uncertainty?<\/p>\n

\n Contact us for more information.\n <\/h2>\n\t\n <\/div>\t
\n\t\t\t\t\t\n\t\t\t\tContact Us<\/span>\n\t\t\t<\/a>\n\t\t\t<\/div>\n[\/vc_column][\/vc_row][vc_row][vc_column][vc_separator][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]DISCLAIMER:<\/span>\u00a0<\/span>Brown & Brown, Inc. and all its affiliates, do not provide legal, regulatory or tax guidance, or advice. If legal advice counsel or representation is needed, the services of a legal professional should be sought. The information in this document is intended to provide a general overview of the topics and services contained herein. Brown & Brown, Inc. and all its affiliates, make no representation or warranty as to the accuracy or completeness of the document and undertakes no obligation to update or revise the document based upon new information or future changes.<\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

A private equity firm engaged Brown & Brown in connection with the acquisition of a domestic cybersecurity provider with operations and subsidiaries in the United Kingdom, Philippines, Australia and New Zealand.<\/p>\n","protected":false},"author":66,"featured_media":36358,"template":"","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"service":[12],"industry":[39],"location":[17],"class_list":["post-36357","case_study","type-case_study","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"\nCoverage and Diligence Challenges for Acquisition with Substantial International Operations - Brown & Brown<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bbrown.com\/ie\/case-study\/coverage-and-diligence-challenge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coverage and Diligence Challenges for Acquisition with Substantial International Operations\" \/>\n<meta property=\"og:description\" content=\"A private equity firm engaged Brown & Brown in connection with the acquisition of a domestic cybersecurity provider with operations and subsidiaries in the United Kingdom, Philippines, Australia and New Zealand.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.bbrown.com\/ie\/case-study\/coverage-and-diligence-challenge\/\" \/>\n<meta property=\"og:site_name\" content=\"Brown & Brown\" \/>\n<meta property=\"article:modified_time\" content=\"2026-01-20T14:44:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.bbrown.com\/wp-content\/uploads\/2026\/01\/Case-Study-\u2013-Blue-Owl-RWI-3-\u2013-Brown-Brown_web-image-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.bbrown.com\/ie\/case-study\/coverage-and-diligence-challenge\/\",\"url\":\"https:\/\/www.bbrown.com\/ie\/case-study\/coverage-and-diligence-challenge\/\",\"name\":\"Coverage and Diligence Challenges for Acquisition with Substantial International Operations - 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