NewswireToday - /newswire/ -
Los Angeles, CA, United States, 2007/11/26 - The economic downturn has made it increasingly necessary for private equity and venture finance groups to be more diligent in conducting background research on their venture prospects.
Corra Group has increased its efforts to provide corporate research services to private equity firms, venture capital, and other financial interest groups. Corra executives site the downturn in the economy as the key reason various financial entities are in need of better research and background checks.
“The economic downturn and credit crunch has given many equity groups greater pause in entering strategic relationships,” said Gordon Basichis, Co-Founder of Corra Group. “To best ascertain whether a new venture is viable or not, a private equity group, for example should be conducting extensive research on the corporate entity and all the principal executives.”
“Corra provides a full complement of business research services,” added Co-Founder, Nick Gustavson. We can conduct anything from business credit reports to criminal and civil background checks.”
“For the few dollars a company spends on background research, they can potentially save millions,” added Basichis. “It is incumbent for responsible investors to do as much research as possible, before spending any serious money. These days, if the mortgage fiasco has taught us anything, it is to make sure entities really are who they say they are.”
Corra expects to see more financial groups, including venture capital and private equity groups performing greater due diligence before lending money for ventures or engaging in partnerships. The principals see this as the nature of the business environment today and will continue into the future.
About Corra Group
Corra operates as Corra Group (corragroup.com) and specializes in pre-employment and online dating background checks as well as corporate research and investigation. Corra Group operates nationwide and worldwide. It is one of the few companies that will answer the phone.