Business case
Two leaders of the leasing industry in Europe, were negotiating a potential tie-in, which eventually took place via an acquisition for a total of c. €5bn. We acted as the independent adviser to both parties, in charge of assessing synergies.
Creating the conditions to strike a satisfactory deal for all parties in the context of a potential massive international acquisition can be greatly facilitated by an independent and impartial view. This independent stance is especially valuable in the assessment of synergies, which often prove to be one of the main strategic rationale behind such a deal.
Over several months, we played an intermediary role between the two companies, guaranteeing a high level of confidentiality. We used our market knowledge and our quantitative skills to assess the company portfolio synergies as well as cost synergies, in relation to people, procurement, real estate, IT systems, etc.