Case Studies
Case Study 1
A Western oil "major" was ready to embark on the acquisition of a large Russian oil company. The head of the company's mergers and acquisition group asked Diligence to determine the beneficial ownership of several offshore entities belonging to the potential Russian acquisition target.
Diligence launched a discreet process of identifying and isolating the company's offshore holdings to identify any misrepresentations or non-disclosure of material facts and embarked on an in-depth investigation of the backgrounds of the target company's management and key employees. Diligence's information enabled the client to identify and isolate areas of risk and cleared key personnel of having any links to criminal activities such as money laundering, tax evasion, or corporate fraud. The client successfully completed a $7 billion investment.