Due Diligence support for corporate clients
Commercial due diligence and technology audits
Corporates considering acquiring players in the waste management sector have retained Juniper as their advisor for commercial due diligence focussed in particular on assessing market risk, technology risk and growth opportunities.
Juniper has provided such help both in the context of ‘Offers for
Sale
’ and privately negotiated opportunities. We have also provided ‘Vendor-side’ independent reports in connection with stock market listings and potential trade sales (‘virtual due diligence’).
Case Studies
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Case Study 1 - US waste management company
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Report on potential acquisition
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A waste management company wishing to enter the European market was considering acquiring a European process company. Juniper was asked to undertake a technical and business due diligence report. This entailed assessments of the competitive situation, market dynamics and the technical advantages of the particular type of technology.
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Case Study 2 - Dutch project developer
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Technical due diligence
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Juniper provided specialist technical and market input for a due diligence exercise on a planned waste treatment complex in The
Netherlands
. Our role included analysis of the competitive marketplace both locally and within
North Germany
; a detailed review of a proposed gasification system; comparisons with conventional hazardous and non-hazardous waste treatment solutions; and evaluation of the Business Plan. We subsequently provided strategy recommendations to the client arising out of the conclusions of the due diligence phase.
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Case Study 3 - a North American plasma company
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Independent technical report for an AIM listing in connection with a planned placing and stock market listing
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Juniper was selected by a leading plasma process company to provide the Independent Technical Expert’s report for a planned
AIM
listing. This entailed a visit to the main reference facility as well as discussions with the senior management team to assess the extent of technical experience for major project implementations. Juniper also provided an assessment of market opportunities for plasma technologies as well as the potential for this specific process. A full technical analysis was conducted.
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Case Study 4 - US mulitnational
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Divestiture
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The company wished to sell a waste treatment site which it had acquired in
Europe
. Juniper was asked to advise on the best avenues for the divestment and to provide technical and commercial input to the Offer document.
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Case Study 5 - New Zealand investment bank
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Technical due diligence
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Juniper provided due diligence advice in the context of an equity investment in an Australian gasification process company. We reviewed the technology risk factors based on site appraisal of a reference facility in
Australia
.
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Case Study 6 - UK based private equity fund
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Commercial due diligence: MBO/MBI opportunity
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Our client was providing equity support to a buy-out team of a well established German engineering company. We were retained to advise on the market opportunity, assess the management team, review the Business Plan and assess the company’s core technology portfolio.
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Case Study 7 - Middle Eastern investment bank
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Techno-economic due diligence
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Juniper undertook a due diligence review of a proposed project in Malaysia in the context of providing both equity co-investment in the development company and senior debt project finance to the SPV. The proponents proposed using plasma gasification coupled to an IGCC energy recovery system - this would be the largest facility of its type in the world. We reviewed the feasibility study and identified risk factors.
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