Promethion Limited is authorised and regulated by the Financial Conduct Authority to provide investment advice to professional clients and eligible counterparties.
STRATEGIC ADVICE and M & A
Recent success stories delivered by Promethion to satisfied clients.
Collateralised Loan Obligation manager due diligence. Promethion has performed the commercial analysis and due diligence of an acquisition target in the CLO space.
The client had evaluated a list of potential targets based on research undertaken by Promethion. On the basis of this analysis a leading candidate was approached and discussions initiated to acquire the entity.
Promethion was appointed to undertake the commercial due diligence as part of the purchase negotiations and was required to evaluate the entity.
Promethion undertook the commercial due diligence. The target's fund vehicles and internal business processes were evaluated, including:
Projecting the forward cashflows expected from each fund vehicle using rating agency models in a range of scenarios.
Combining this into a set of cashflows for the entire business.
Conducting detailed interviews with management and staff to assess the procedures and internal systems used to monitor and report on each vehicle.
Provide an assessment of the firm's performance against peers using benchmark indicators for the industry.
Promethion's value-added was provided by its detailed knowledge of leveraged loans as an asset class; its knowledge of the technical analysis of CLO structures and rating agency models; and its extensive experience in evaluating a manager's infrastructure and business processes. Its analysis confirmed that the commercial basis for the acquisition was sound and would conform to the client's expected standards.