Supporting investment decisions through due diligence assessment of digital platforms
Our client, SCF Partners, a private equity firm with a long history of investing in and building energy services companies, was seeking to expand its portfolio with a focus on maintenance and upgrade of critical energy infrastructure.
They had identified an opportunity to invest in Global E&C, a UK brownfield EPC contractor with digital capability and solutions that could play a pivotal role in delivering energy security, digitalisation and decarbonisation of existing energy infrastructure.
As part of its due diligence process, SCF Partners wanted support to undertake a technical and commercial review of Global E&C’s digital ecosystem, to determine the strength of potential competitive advantage and help shape future development roadmaps.
NZTC conducted a focussed due diligence exercise to evaluate the digital platforms against key client questions covering:
- An explanation of what the platform is, what problems it solves and who uses it.
- How it differentiates from others in the market or in development.
- The development roadmap, longer term strategy and risks.
- Commercialisation potential and how to monetise.
- Process maturity and capacity to integrate across the business and those of potential clients.
This was delivered in an accelerated timetable based on review meetings with Global E&C and internal and external users of the system.
SCF Partners was presented with a concise presentation detailing the analysis of the digital platforms coupled with NZTC’s unique insights on technology , market fit and potential routes to market. This strengthened SCF Partners conviction that Global E&C’s digital solutions were differentiated. It also signposted near term actions to follow up on.
NZTC mobilised an experience team quick and efficiently to support us with a focused diligence exercise. Given the importance of digitalisation to the future of the energ industry it was vital that we optained an in-depth understanding of global E&C’s digital exosystem and solutions. Along with the technical undertanding, NZTC brought real commercial insight to help us understand market positioning and the competitive landscape. Pleasingly, the team delivered exactly against the brief and against a tight timetable. We look forward to working with NZTC again.Adam Kerr, Vice Presendent of SCF Partners
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