The Credential
Tunneys worked with a leading London private equity firm to perform rapid due diligence financial modelling and submit a winning bid for the carve out of a distressed company of a large European group. Following successful acceptance of the bid, Tunneys assisted with updating the financial model to support a leveraged buyout by securing the planned financing from various investors.
How We Helped
Prior to engaging Tunneys, PE-Co* had identified an opportunity to acquire a high potential UK manufacturing business from a European group that sought to divest and refocus resources. Tunneys were engaged to conduct due diligence, valuation and financial modelling for the LBO of the company in order to inform the bid.
Tunneys reviewed existing materials and modelling produced by the counter party big-4 advisors and then consolidated, organised and clarified it for the PE investor as a new updated financial model for the business and the planned LBO transaction. This allowed the PE investor to submit an informed bid that secured the acquisition at a sensible valuation and provided a clear robust plan for financing the acquisition and the operations of the business to facilitate the achieving of strong investor returns.
Value Delivered
Fully contingent deal support
Consolidated and professionalised data room information and materials;
Provided a fit for purpose LBO financial model for the carve-out;
Supported the post deal financing of the acquisition; &
Handed over the financial model to the CFO of the business for operational use.
* all client names have been kept confidential.
