Secure your investment decisions by objectifying the operational reality of a target
Our consultants work directly on the ground, alongside your teams, in your production workshops and with your support and development functions.
Manufacturing, Aerospace, Defense, Pharma, Luxury, Food & Beverage: whatever the sector, we transform your operations into a lever for your ambitions.
The real value of a target is hidden in its operations
Growth assumptions are often optimistic, poorly supported by industrial reality, and difficult to challenge without operational expertise.
Lack of visibility on real production capacity, machine constraints, yields and bottlenecks.
Investment needs — for maintenance and performance — are systematically understated in seller business plans.
Performance, organizational maturity, critical dependencies: hidden risks don't surface in standard financial or strategic due diligence.
Without an operational value creation plan grounded in field reality, the investment thesis remains fragile.
Capacity modeling based on real observations reveals the gaps between the seller's plan and industrial reality.
An adjusted, de-risked business plan provides a solid basis for negotiation and protects the investment thesis.
Every operational risk we map is simultaneously a post-acquisition value creation opportunity.
From deal preparation to the formalization of the value creation plan
Collection of available data, understanding of the transaction context, and preparation of priority analysis areas based on the fund's stakes.
Building a detailed cost model and a capacity model (machines, people, process). Analysis of the industrial footprint, capex needs (maintenance and performance), and on-site diagnosis of sites' operational maturity.
Recalibration of the seller's business plan based on field data. Identification and quantification of gaps, de-risking growth and profitability assumptions.
Identification of key risks (performance, organization, critical dependencies) and definition of mitigation levers to secure the investment thesis.
Working in parallel with the other due diligence workstreams (strategic, legal, financial). Hypothesis testing, model adjustments, and alignment with investment teams.
Contribution to an adjusted, well-argued valuation. Formalization of an operational value creation plan serving as the basis for the post-acquisition 100-day plan.
Every deal is unique. Our interventions adapt to the target's operational stakes.
Our models are built from real observations and data — not generic benchmarks. We go find the constraint wherever it is.
80% of our consultants come from industry. They quickly identify what matters — and what's overstated in a seller's business plan.
We validate concrete performance (machines, people, losses, yields) and reconcile the data with what we observe on the ground.
Our ODD identifies risks and levers simultaneously. It lays the foundations for an operational value creation plan, ready to use post-acquisition.
Our experts are available for an initial confidential conversation about your deal — quick screening, full due diligence, or a focused view on a specific operational point.
