Business case
Our client, a major food & environment testing expert, was offered an activity swap so that both parties could reach a critical size in two different sub-markets. This opportunity would also allow our client to exit an unprofitable market.
Even between activities addressing different sectors and using specific processes, many links (business exchanges and shared support functions) had been built over the years.
Our work allowed our client to develop a more coherent view of the activity’s performance than the one available in the standardised group reporting, providing a faithful picture to the potential acquirer.
We built carve-out financials for our client’s activity and undertook a strategic assessment of carve-out issues stemming from existing links with other parts of the business.