M&A Advisory

We run sale processes for corporate sellers divesting assets or complete business platforms - structuring the mandate, identifying and approaching credible counterparties, managing information and process integrity, anchoring and defending price, and supervising completion. We understand how to design a process that generates price tension even where the buyer universe is limited.

Active mandates include the sale of a West African operating platform held by an international construction business and the divestment of a deepwater upstream interest to a co-venturer.

We advise acquirers on target identification, approach strategy, commercial and financial due diligence supervision, and deal structuring. For clients with a defined acquisition programme, we act as their eyes on the market - identifying assets that match the investment criteria before they are formally offered, and building the commercial and financial case for each target.

Active mandates include an acquisition search programme for a consumer goods business operating across multiple African markets.

How a mandate is structured determines who bears what risk and how much of the upside each party retains. We advise sellers and buyers on mandate design - including fixed-target mandates with upside sharing arrangements, bilateral versus competitive process design, price anchor strategy, and completion mechanics. If a bilateral approach will not generate price tension, we say so before the mandate is signed.

Some transactions are not discrete asset sales or acquisitions - they are the mechanism by which a business moves from one strategic position to another. We have advised on transitions of this kind in the energy sector, including the full repositioning of a major energy group from upstream production operations into downstream trading and refining.

Where the transaction is the strategy, we advise on both.