Private Equity has become a mature industry. Capital flowing into private equity
funds has increased dramatically over the last 20 years. Concentration of capital
in the hands of large private equity funds increases continuously.

“Great Deals” are rare. Professional support of transactions has become standard practise,
even for medium sized deals. Competition for deals has increased. Banks have become more
demanding in their acquisition financing processes. In addition to the accounting review
banks require transparency about markets and the competitive postion of acquisition targets
from the private equity investor.

Thus, requirements of a commercial due diligence have changed. Beyond an understanding of
market development and current competitive situation of the acquisition target it is necessary
to evaluate profit enhancement opportunities. Also, specific requirements of the debt financing
banks have to be taken into account from the start of a due diligence.

Our success factors in commercial due diligence are:

• Senior experienced consultants
  
• Fast paced project setup
  
• Close collaboration with our clients
  
• Fact based, data-driven approach
  
• Individual tailoring of communication to the needs of investors and banks
  

Beyond commercial due diligences CODEX Partners supports private equity investors in
profit enhancement and strategic development of portfolio companies.