Mergers & Acquisitions · Industrial & Manufacturing
Carve-out of a European industrial group
Two divisions, forty legal entities and eleven jurisdictions separated in eleven months.
A confidential brief covering the engagement, our playbook and how to reach us.
- Client
- Listed industrial manufacturer, €6.4B revenue
- Region
- Europe
- Year
- 2025
- Duration
- 11 months
9.1x
EBITDA multiple achieved
€1.9B
Enterprise value
11
Jurisdictions separated
0
Day-one service failures
The group had grown by acquisition for fifteen years and could no longer explain its own portfolio to investors. Two divisions consumed a third of management attention and produced a tenth of operating profit.
An earlier attempt to divest had failed at diligence when buyers could not obtain standalone financials.
“They were the only advisors who told us what we did not want to hear, and the only ones who were right.”
If this were your situation
How we would act in your favour.
No two mandates are alike, and we would not pretend otherwise. But the way we work in mergers & acquisitions does not change. Here is what you could expect from us, in plain terms.
Before anyone talks about price, we would rebuild your numbers from transaction-level data so that every figure in the room survives diligence. Most processes fail because the story is stronger than the evidence behind it. We would rather find that out in your office than in a data room.
Mergers & Acquisitions
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