We pressure-test the investment case across commercial, financial, and operational dimensions — surfacing risks the headline numbers miss and value others overlook. Sometimes the most valuable answer is walk away.

Commercial and transaction due diligence protects capital and uncovers hidden value — testing the market position, the plan, and the numbers before the money moves. Sometimes the most valuable answer we give is ‘walk away’.

Sub-services we provide

Buy-side commercial DD
Market, position, and plan, stress-tested.
Sell-side / vendor DD
A credible, defensible equity story.
Operational DD
The operating reality behind the numbers.
Market & competitive DD
Demand durability and competitive trajectory.
Synergy & dyssynergy assessment
Value created — and value at risk.

How we approach it

  1. Frame the case. Identify the assumptions the deal depends on.
  2. Test the market. Assess demand durability and competitive trajectory.
  3. Probe the risks. Surface the red flags across every workstream.
  4. Call it straight. Recommend proceed, renegotiate, or walk away.

Where this shows up

  • Stress-testing a US$100M+ acquisition target.
  • Quantifying dyssynergies in a separation.
  • Vendor diligence to prepare an asset for sale.

What we bring

  • Diligence that surfaces what headline numbers hide.
  • We have advised against deals — and saved the capital.
  • Commercial, operational, and financial lenses in one view.
Our experience

On an ICT target, our diligence steered the client away from a US$100M+ acquisition due to a declining market position.