The target was a manufacturer of retailer brand morning goods, bread and gluten-free products.
We were appointed by a private equity fund participating in the sale process to provide commercial and operational due diligence:
- We reviewed the VDD and interviewed the consultants who produced the document. We analysed scan data, conducted store audits and undertook interviews to develop a deeper understanding of market dynamics and trends, particularly in retailer brand.
- We reviewed the site operations and plans for new facilities.
- We evaluated the plan and identified upsides and risks.
Ultimately our client did not pursue the acquisition of the target.