Subject Matter
Coaching, mentoring & facilitation, Communication & engagement, Benefits management, Governance & assurance, Mergers & Acquisitions, Performance improvement, Project & programme management, Risk management
Acquisition of a Global Specialised Chemicals Business
- Client
- Dubai based Corporation
- Sector
- Coaching, mentoring & facilitation Communication & engagement Benefits management Governance & assurance Mergers & Acquisitions Performance improvement Project & programme management Risk management
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- Acquisition of a Global Specialised Chemicals Business
Project description
Chaucer was engaged by a Dubai based Corporation to oversee and project manage the acquisition of a global specialised chemicals business. The business operates in 54 countries with a turnover in excess of $200M.
Chaucer's scope
Chaucer provided a complete project management service - plus specific and expert advice and support in areas such as organisation, IT, business operations, performance management, etc.
Project management, governance and assurance
Communications – internal and external
Planning, resource scheduling, progress monitoring and tracking
Project accounting and budget / project cost control
Integrated planning and resource scheduling of all aspect of the project
Issue management
Risk management and mitigation
Management reporting
Facilitation of meetings
Interface and Interdependency identification and control
Co-ordination of legal and other third party professional advisers
Provision of ad-hoc advice and support to the CEO and other executives
Benefits
This complex acquisition was achieved in significantly less time than envisaged due to Chaucer’s performance.
The pace of the acquisition was driven by Chaucer to the benefit of the client - not only from a financial viewpoint but also from an operation control viewpoint. This was very important because of the type of business, which had for many years been part of a global conglomerate and consequently had stagnated and lacked challenge and performance motivation.
Chaucer helped to successfully restore a performance driven culture into the business globally.
The management by projects ethic brought to this acquisition significantly helped in the behavioural and cultural change into a new vibrate and very successful new business entity.
Another vital aspect of Chaucer’s modus operandi on this project was to ensure that ‘Business as Usual’ was safeguarded
at all times in order to maintain positive cash flow for the business.
Chaucer’s rigor and discipline in driving this acquisition project through a structured workscope and planning methodology
meant that the new owner had control from day one and was able to focus immediately on making and increasing profitability of the business.
The business has grown and become increasingly profitable which is due in no small part to the controls put in place by Chaucer during the acquisition.
This project was a great success for the client and realised a significantly higher prize than was originally forecast, a major factor in this was attributed to Chaucer’s role in project managing this complex acquisition.
