In 2024, Sigholm was engaged by a major district heating and energy provider to manage the strategic divestment of their small-scale district heating operations. The client aimed to refocus on large-scale operations, necessitating a flexible approach to the sale of their non-core assets. Sigholm’s role was to ensure a smooth process, and to secure the best possible outcome for the client, adapting to a more complex model.
The project commenced with a thorough review of the client's objectives and an initial valuation of the business. Sigholm developed a structured process, which included preparing a comprehensive information memorandum (IM), managing a complex due diligence process, and engaging with a range of potential buyers. This involved gathering data from various sources, including financial, operational, and environmental information, and addressing inconsistencies. Sigholm also established a virtual data room, and provided support to potential buyers to maintain engagement.
Sigholm provided extensive guidance and support to the client, including the development of a clear decision-making framework. Key to our approach was our focus on the end goal, managing both internal and external stakeholders effectively, and to drive the project forward. Sigholm addressed numerous challenges, including changes to the scope of the sale. The project has progressed in line with the overall timeline, and the team is working towards a successful conclusion.
This case highlights Sigholm’s expertise in mergers and acquisitions, our ability to manage complex stakeholder relationships, and our proven ability to deliver successful divestment outcomes within the energy sector. Sigholm are committed to delivering value for their clients throughout the entire process.
