Project Halo - Groupe Deslog Financial, Tax and IT Due Diligence

Ballards worked with Groupe Deslog to conduct financial, tax and IT due diligence to supports its acquisition of NFS360.

Groupe Deslog operates within the transport and logistics industry and was aiming to expand its reach into the United Kingdom by acquiring a well-established and reputable business in the northeast of England. Ballards was engaged to ensure the investment’s viability through a comprehensive due diligence process and to perform a robust tax due diligence exercise together with a full scope digital review.

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Work completed

Ballards corporate finance team conducted a detailed review of NFS360’s historical and forecast trading including analysis on customer concentration, supply chain, and seasonality. Our corporate and transactional tax team carried out a detailed investigation into the target’s tax

compliance and control history to identify key risks and opportunities, with the outcomes summarised in a clear and concise format.

Our IT & Digital transformation team analysed the target’s IT systems, infrastructure, processes, and cyber security measures. We identified important risk areas and potential opportunities to increase productivity or reduce costs by the implementation of new or improved IT systems.

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Results

The due diligence process proved to be a crucial factor in identifying and mitigating risks associated with the acquisition. Ballards provided several recommendations to streamline the transition post-acquisition, and to ensure minimal disruption to operations. The level of due diligence performed safeguarded the investment and laid a foundation for future growth opportunities.