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Transactions and Due Diligence

Our expert transaction services teams provide unparalleled due diligence for asset and company transactions covering market, commercial, regulatory, operational, technical, ESG and environmental aspects of each transaction. We provide advice and support on corporate & asset acquisitions and disposals, privatisations, debt and equity capital raisings as well as project finance.

We have a proven track record of transaction services globally to a wide range of industries. Our expertise is uniquely positioned, supported by engineering and investment banking teams.

AFRY offers a unique set of transaction services and due diligence capabilities to corporate players, joint ventures, private equity and funds as we cover the full spectrum of sell- and buy-side as well as (re)financing advisory from market, commercial and regulatory, to operational, technical and environmental aspects of each transaction.

We help investors to assess the target company's full potential by performing due diligences, assessing revenue growth potential, growth plan, performance upsides and concerns, cost reduction opportunities and the quality of the asset base.

Global reach to transaction services with local capabilities

Our team has a global reach combined with local capabilities, able to support transaction services for all types of business operators and financial investors in the bioindustry, energy and infrastructure sectors in Europe, the Americas, Middle East, Africa, Asia and Australia. We have supported more than €250 billion in transactions since 2008.

Key offerings

  • Markets analysis
  • Customer assessment
  • Competition and industry analysis
  • Technical evaluation
  • Economic assessment
  • Personnel and management review
  • Post-merger integration
  • Growth potential and post-acquisition opportunity assessment
  • Risk assessment
  • Forest valuations
View of New York street

Our due diligence process for smooth transactions

Due diligence service provides an understanding of the value of the business, its outlook and key risks. Our due diligence scopes of works are designed on a case-by-case basis to address project status (e.g. sell side vs buy side, project finance) client's specificities (e.g. corporate players vs infrastructure funds) and target's particularities (regulated business, new technologies, etc.).

When integrating with another company, AFRY also provides full post-merger integration (PMI) services.

Market, Commercial and Regulatory due diligence

  • Regulation, market dynamics and industry trends
  • Competitive environment
  • Commercial strategy
  • Target’s positioning and right to win
  • Potential risks and ways to minimise them
  • Value creation potential
  • Top-line business plan

Operational due diligence

  • Assessing the technical performance of the assets
  • Potential for process and cost optimisation
  • Critical technical and operational issues that affect the Execution Gap (ExGap)
  • Quantifying improvement potential ExGaps (EBITDA impact)
  • Insights on the implementation timeline of the identified gaps

Technical and environmental due diligence

  • Evaluation of quality of the asset base
  • Assess maintenance strategy and identify any backlog
  • Review of IT systems (hardware and software) in place to support operation and maintenance processes
  • Potential risks and strategy to mitigate them
  • Challenging environmental constraints and future challenges
  • Identification and quantification of environmental liabilities and review remediation plans
  • ESG due diligence
  • Costs items of the business plan (CAPEX and OPEX)
  • Personnel review and improvement potential
  • Cost competitiveness
  • Efficiency assessments

Our way of working with our Clients is based on five pillars:

AFRY TS infographic
15MW Wind Turbine

Transactions and due diligence services in energy and infrastructure sectors

In the energy (renewables, thermal generation, energy services, gas and power storage, transportation and distribution) and infrastructure (district energy, water, waste, ports, oil storage and pipeline) sectors, transactions are an ongoing reality for those wishing to grow or reposition their business. We provide our clients with profound insights into their targets by combining our Management Consulting and Engineering capabilities.

Transactions and due diligence services in bioindustry sectors

We are the leading advisor to the bioindustry – from forests through sawnwood, panels, biofuels, bioproducts pulp, paper, packaging, tissue to printing, and all its stakeholders.

Recent years have seen a significant increase in the number of business transactions across the bioindustry. We provide both commercial and technical due diligence to the sectors and sub sectors within bioindustry. This builds on AFRY's unparalleled experience in these areas.

Roadside forest harvester stacking timber

Frequently asked questions

Q: What kind of solutions you offer for purchasing deals? Arrow pointing right

A: We cover the full spectrum of sell- and buy-side transaction services and due diligence capabilities as well as (re)financing advisory from market, commercial and regulatory, to operational, technical and environmental aspects of each transaction. Our teams work closely with engineering and operations experts and know what are the key questions to get answers for a valuable transaction.

Q: Do you offer tax due diligence? Arrow pointing right

A: Our offering does not contain Tax Advisory services.

Q: Do you offer Mergers and Acquisitions services? Arrow pointing right

A: AFRY's investment banking capabilities are provided by AFRY Capital, which is an independent, sector-focused M&A and corporate finance advisory services company providing financial advice to clients in the Forest Products, Packaging, Energy and Infrastructure Sectors – please visit www.afry.com/capital for more information.

Carlo Ghiglieno - Senior Principal at AFRY Management Consulting, Milan, Italy
Carlo Ghiglieno
Senior Principal at AFRY Management Consulting, Milan, Italy

Interested in Transactions and Due Diligence?

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