Emerton supports both private equity funds and large corporations on the commercial due diligence of large acquisitions and midsize companies.
Emerton provides independent, fact-based analysis regarding target’s commercial and operational issues.
We combine rigorous analysis with a fact-driven assessment of market dynamics. We challenge management plans based on objectivity and deep industry knowledge, and consider both upsides and downsides potential.
Emerton differentiates by its ability to analyze complex niche markets, quantification capabilities and the ability to drill down critical questions.
Commercial Due diligence (CDD) is the process of evaluating a target company’s market positioning and business plan. Before making an investment decision, corporations and private equity funds ask for a commercial due diligence to assess strategic risks and market potential along the financial and legal due diligences.
Work streams of the commercial due diligence are usually market assessment, competitive positioning, target reputation analysis and business plan assessment
Typical client questions are•
A commercial due diligence report concludes the due diligence process.
September 17th, 2025 - Emerton performed the Commercial and Strategic Vendor Due Diligence of Dunkerque LNG terminal
November 25th 2024 - MET Group has purchased a 100% shareholding in Comax France, an owner, operator and developer of combined heat and power (CHP) and battery energy storage systems (BESS). The acquisition, MET Group’s first investment in French energy infrastructure, expands its flexible assets portfolio in Western Europe and addresses the increasing need of balancing technologies to support the energy transition
Emerton performed the Vendor Due Diligence for Comax and InvestIndustrial.
October 18, 2024 - Vantage Capital, Africa’s largest mezzanine fund manager, announced today that it had closed a €66 million mezzanine investment in Camusat Holding S.A.S, the proceeds of which will be used to refinance debt and fund the capital expenditure required for expansion of the group’s AktivCo division. Vantage Capital’s investment is part of a global financing package of €81m provided in consortium with Eurazeo, a leading European investment group.
October 17, 2024 - Andera Partners becomes a major shareholder in the CTP environnement group, alongside its management team and Bpifrance. Emerton performed the commercial due diligence of CTP for Andera.
Paris, June 26th, 2024 - Reforest’Action is pleased to announce a €20 million investment from Blisce/ and Eiffel Essentiel.
Emerton performed the Commercial Due Diligence of Hubency for B & Capital.
B&Capital has acquired a majority stake in Hubency, with the portfolio company’s director general Arthur Di Montagliari reinvesting, as well as the management team.
Emerton advised Eiffel Group on this transaction and performed the Commercial Due Diligence.
Mylight150 is a French cleantech company based in Lyon, and a pioneer in energy transition specialized in the design & distribution of smart energy management systems and solar self-consumption solutions (the ability to monetize and optimize surplus production of solar energy).
Once For All, a Lyon, France-based publisher of a legal document sharing platform for the construction sector, has been acquired by Fortius, a UK-based enterprise compliance management platform publisher, a portfolio company of PE firm Warburg Pincus.
Emerton Strategy acted as a consultant to Fortius.
Galiena Capital and management have sold Proengin to Capital Export
Proengin is a global leader in Biological and Chemical (“B&C”) detection. The company designs, develops, manufactures and services chemical (AP2C & AP4C) and biological (MAB) detectors using flame spectrophotometry technology. It also provides R&D / feasibility studies for special products.
Emerton performed the Commercial Vendor Due Diligence of Proengin for Proengin and Galiena.
Emerton performed the commercial due diligence of Ocea Smart Building for ICG
Paris, 4 April 2019 – Tikehau Capital, through its pan-European minority growth equity fund, and Bpifrance are investing EUR 38 million in ADDEV Materials to support its international development.
Emerton performed the Commercial Due Diligence for Tikehau.
Paris, March 26th, 2019 – Core Infrastructure Fund II managed by Mirova (an affiliate of Natixis Investment Managers) and Asterion Industrial Infra Fund I have acquired Proxiserve, a leading French group in sub-metering and energy services.
Mirova and Asterion were advised by Emerton, XK Corporate Finance, KPMG Corporate Finance & TS, DLA Piper.
