maconda conducted a comprehensive commercial due diligence assessment to assist Rigeto Unternehmerkapital, a Munich-based consulting firm for companies and family offices, in investing in SICCUM, a regionally leading restoration specialist for water, fire and mould damage.
The SICCUM Group provides services related to drying, cleaning and restoring water, fire and mould damage. The company works for private, commercial and government clients and handles insurance claims including settling them with insurances. The company is primarily active in Mecklenburg-Western Pomerania and Schleswig-Holstein where it has six locations.
Rigeto Unternehmerkapital represents a group of companies and family offices that want to drive the further market expansion of SICCUM Group. A new growth phase of SICCUM Group began in July 2018 when a new, seventh location was opened in Seevetal near Hamburg.
The challenge maconda faced for the commercial due diligence assessment was to assess the future business development of the damage-restoration company that is active an altogether mainly reactive industry. maconda led a business-plan workshop with SICCUM management and documented the measures necessary to achieve the planned growth. Business with existing and new customers played a central role alongside the development of regional damage frequency and amounts.
Analysing the market and competitive environment in the main region of Mecklenburg-Western Pomerania, bordering Schleswig-Holstein and metropolitan Hamburg required especially detailed work. A wide variety of regional data, such as age and quantity of residences as well as frequency of damages were complemented with insights from numerous market interviews. maconda provided a valuable contribution to successfully completing the transaction with comprehensive, competent analyses and clear assessments.
For more than 20 years, we have advised companies and investors about the acquisition, development and restructuring of companies. More than 800 consulting and implementation projects coupled with more than 350 transaction projects mean that we have extensive experience in providing pragmatic support for even the most complex projects. Our clients include medium-sized enterprises, business units from major corporations and internationally operating private equity investors and family offices.
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