Case Studies
Delivering successful outcomes for our clients

Undisclosed M&A due diligence on a UK Water Company

Centrus used its sector and financial modelling expertise to provide diligence and assurance to an infrastructure fund buyer of an equity stake in a major UK water and sewerage company. The role involved providing assumptions regarding the path of debt and hedging costs, checking that the complex derivatives portfolio was correctly modelled and generally identifying the risks in the liability portfolio (including DB pension scheme commitments).

We added value through our ability to independently model and value the liability portfolio and suggest appropriate sensitivities that provided the required assurance to the valuation model assumptions, whilst working seamlessly with the other diligence advisors and the client to ensure a timely bid was submitted.