The company (the client) would like to acquire a foreign manufacturing company (the target) where for years they have been working together with supplier & buyer role. In order to have more advantages, the Client is thinking to acquire the Target where through this inorganic growth, the client is planning to boost its performance where inline with their corporate strategy and division & mission of the Client.



In this particular case, the writer is assisting the client in performing strategic review (including business analysis and financial analysis) to analyze the acquisition project of the target. The writer analysis report might be used as one of important inputs by the management of the Client to present in front of its shareholders to make decision for this acquisition. Indeed the writer analysis has some limitations, including but not limited to the time to complete the assignment, to the data provided by the management of the Client & the Target, etc.



In short, based on the review & analysis of this real case, the writer recommends that the acquisition is beneficial to the Client, as long as the Client could obtain majority ownership with reasonable price, as this acquisition project will create a synergy and inline with the future goal of the Client.



Research Location : PT. XYZ

Confidential until 2013