Case Studies
Due Diligence: Alternative Energy Engineering Carve-out
"You understood our process and worked with our team seamlessly. Your report was crystal clear and the content just what we needed to factor into our investment case."
The challenge
A leading European private equity investor was seeking to acquire a market leader in the engineering and installation of alternative energy generation solutions. The business was to be carved out from a major global technology and industrial concern. Our client was concerned about the quality of IT systems to run as a stand alone business and the additional cost implications of the carve-out.
The solution
IT due diligence was conducted through a combination of data room analysis and interviews with management. A rapid assessment was conducted of the core business systems, infrastructure, IT organisation and financials.
A number of previously undisclosed issues were identified which would result in over a million Euros of additional post-acquisition cost due to the IT carve-out requirements.
The investor was able to establish the suitability of the core systems for operating a stand alone business and factor the cost increases into the offer price.
The benefits
Morse brought substantial value to the client through our:
- Specialist advisors who deliver pragmatic, insightful results with the capability to provide significant post-completion support
- Deep technical, commercial and operational IT experience
- Track record which spans a range of sectors and includes corporate acquisitions / disposals, growth and venture capital and some of the largest European buyouts