The Challenge
A media technology company was considering acquiring a competitor (a process known as Mergers & Acquisitions, or M&A).
The company required an independent third party, trusted by both themselves and the sellers, to conduct due diligence – to evaluate and verify the scale and quality of the target’s business.
In order to meet deadlines associated with the transaction, this analysis had to be completed quickly. Moreover, the target company’s data was highly commercially sensitive, meaning that the third party had to verify the company’s customers and contracts while preserving the confidentiality of the data from the acquirer.
Both parties identified Caretta Research as the most credible and, crucially, trustworthy third party with a deep understanding of the specific businesses, products and customers of the company to be acquired.
Project context
The engagement and scoping process was completed in less than a day as Caretta Research expedited the process to start work as quickly as possible, assembling and committing a project team even as the final paperwork was being agreed.
Detailed approach
- Caretta Research analysed hundreds of pages of legal contracts and deal agreements to verify multiple claims made by the target company.
- Caretta Research identified and highlighted discrepancies, inconsistencies and particular conditions within the target company’s commercial agreements which were of particular interest to the acquirer.
- Caretta Research distilled these findings into a detailed analysis highlighting trends across the agreements and particular contractual obligations which the buyer wanted to be made aware of.
Project outcomes
Caretta Research provided a detailed report verifying the target company’s customer relationships and contractual obligations
Caretta Research delivered the analysis within two weeks of the initial scoping discussions, enabling the vendor and target company to continue their negotiations without delay