Technical Due Diligence & Advisory
When targeting technology, an energy project, a vessel or fleet or a renewable energy, maritime or oil and gas value chain company for acquisition, investment or lending to, clients need to know much more than just what the company tell them. They need to know how robust current income streams are and what liability potential lies hidden in the management accounts.
It is vital you have a good understanding of the risks involved. Our role as technical due diligence advisor is to help our client make the right business decision. With our processes and expertise we help identify the limitations and opportunities of an investment in a merger or acquisition so our clients can make those decisions as early as possible.
Experts in Renewables Development
The growth of clean energy as part of the energy transition continues to accelerate; a downward spiral on costs, increasing demand driven by the opportunity to build sustainable, clean and local electricity generation local to demand. The opportunity for investment or finance is throughout the value chain.
Whether it is for technology research, technology development, manufacturing scale up or roll out of new infrastructure assets this finance continuum requires sources of finance, investment or funding.
Renewable energy investment is now central to this growth and transition, it requires significant ongoing investment for companies going for growth, for renewable energy assets, refinancing and more.
However, successful transactions are not guaranteed, and technical/commercial risk needs careful consideration.
ABL Group, via its specialist OWC business, can advise on renewables projects and technology around the world. We have offices in Europe, Asia and the US and sister offices in Asia, the US, Central and South America.
OWC offers specialist technical due diligence supporting the financing, acquisition, sale and refinancing of assets, technology and companies within the offshore renewables market. We have experience in offshore wind projects and value chain M&A from Europe to Asia.
Technical Due Diligence Services
With our assistance, owners and financial institutions can obtain an objective expert view on the actual project performance or asset value, as an important input to the decision-making process related to loans, consolidation or acquisitions.
With a combination of offshore wind engineers and consultants that have been in charge of engineering and project management from the first concepts to the operational phase; and mariners that have been in charge of vessels, rig moves, and major marine operations, OWC is extremely well placed to perform solid, independent technical due diligence.
Our services include:
- Market studies
- Pre and post contract reviews
- Assessment of project schedule feasibility
- CAPEX and/or OPEX budget evaluation
- Grid connection and PPAs
- Evaluation of operating and maintenance costs
- Review of logistic concepts for construction and operation
- Review of geophysical and technical-studies
- Review of Energy yield Assessment (EPA) including check of applied uncertainties and technical loss factors
- Technology assessment
- Monitoring; construction and operational
ABL Group’s unparalleled technical and commercial expertise make us a trusted resource during the due diligence phase, for those parties who are looking to make an investment decision as to whether to finance or underwrite the purchase of a vessel, a fleet, a port or a harbour.
We undertake technical due diligence studies on behalf of private equity and debt financiers in support of the purchase of vessels, fleets, companies, newbuilds and sale/leaseback options covering analysis of OPEX and CAPEX assumptions, management capabilities and performance, condition of hardware and uplift requirements, regulatory and compliance reviews, forward technology assessments and long-term capitalisation needs.
Our experience of managing repairs, conversion and newbuild projects positions us to be able to accurately advise on the technical aspects of those projects and the suitability of facilities that are proposed for those projects.
This broad experience enables us to bring to clients a unique technical perspective in assessing offshore assets, their associated risks or current exposures, thus supporting Hold or Exit strategies.
Our services include:
- Market studies
- Pre-purchase vessel inspections
- Pre-charter vessel inspections and off-hire vessel surveys
- Desktop reviews – vessels, fleets, offshore assets, ports
- Condition assessment inspections
- Tailored valuations of assets
- Portfolio review and monitoring
- Environmental Social Governance (ESG) review
- Office audits / reviews