Value Creating Inorganic Growth
Corporate Development
Case Study
Client:
Large Industrial
Situation:
Client looking to improve product portfolio and market access via bolt-on acquisitions. WWG was engaged to support deal on Asia based target.
Action:
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WWG provided hands-on leadership and tools for strategic fit assessment, preliminary DD and valuation.
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Led business unit and cross functional teams in validating all strategic fit and synergy assumptions and building robust DCF and comparatives based valuation models.
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Developed future product portfolio architecture and revalidated business’ strategy and potential role of target.
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Conducted preliminary DD and data gathering from target.
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Researched and analyzed industry deal history in the region and identified likely competitive private equity bidders, their strategies in the region and propensity to pay up.
Result:
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WWG Recommended That Client ‘Walk Away’ From LOI Given Gap Between Realistic Valuation ($103M with synergies) and Target’s Expectations ($171.5M), thus saving the client from potentially a very dilutive deal.
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CEO’s Feedback: “This is best in class work”.