What are we buying, and which risks do we take on?
Establishes whether to proceed with an acquisition or investment, at what value, and with which risks priced into the deal.
What you receive
Proceed or walk away, the value range, the risks to price in and the due diligence report.
Every identified risk placed by likelihood and impact, with the ones that would stop the deal flagged.
When to open it
- A target reaches the shortlist of your corporate development team.
- Management needs an outside view before the bid.
- The investment committee asks for evidence on the business plan.
What the project covers
- Commercial due diligence: market, customers and competitive position
- Earnings quality and the assumptions behind the business plan
- Operations, cost base and capital needs
- Risk register with likelihood, impact and mitigations
- Valuation range under each scenario
What your team brings
- Information memorandum and vendor reports
- Historical and management accounts
- Business plan and its financial model
- Customer, contract and supplier lists
- Notes from management interviews
In your report
- Exhibit 1
Risks ranked by likelihood and impact, deal-breakers marked
Every identified risk placed by likelihood and impact, with the ones that would stop the deal flagged.
- Exhibit 2
A valuation bridge prices each risk into the range
The bridge from the seller's valuation to the value range, risk by risk.
Where it applies
- Healthcare and life sciences
Should we license this late-stage asset, and at what value?
Probability of approval, the peak sales range and the cost to complete development.
- Technology and software
Should we acquire this smaller competitor to close a gap in our product?
Product overlap, customer retention after closing and the cost of integrating the code.
- Transport, logistics and infrastructure
Should we bid for this port terminal, and what is it worth to us?
Traffic forecasts we can defend, the concession terms and the capital the terminal needs over its life.
- Private equity
Does the target's business plan hold, and at what entry value?
The market growth, share gains and price increases the plan assumes, each tested against evidence.
Start with this engagement
Write to hello@tacitude.com with the project you have in mind, and we frame the engagement with your team.