Role of CDI Office
CDI was engaged for the following activities;
- Develop the acquisition criteria
- Develop the ideal acquisitional target profile
- Develop long list of potential targets
- Contact the potential targets and assess acquisition possibility
- Conduct initial due diligence into business fundamentals of the target.
- Negotiate with client Non Binding Offer
- Finalize the Non Binding Offer
- Develop and manage the due diligence and face to face meetings
- Assist in facilitating the legal
- Develop and manage the 100 day plan with the client.
Description of Client
Lightmoves enjoys a reputation as Australia’s foremost lighting company, working closely for over 25 years with architectural and entertainment industries to realize lighting dreams and ambitions, effectively illuminating ideas. Lightmoves has completed award-winning projects for a broad range of clients in the following lighting disciplines:
LED & Feature Lighting – Lightmoves has supplied Feature Lighting to some of Melbourne’s most prominent and iconic landmarks such as the AAMI Park Stadium and the Crown Casino
Lighting Control – Lightmoves has been the premier Victorian distributor of lighting control products and solutions for over twenty years. Lightmoves has forged a reputation for providing sophisticated, simple, reliable and energy-efficient lighting control solutions for a wide range of industry sectors, including residential, retail, office, hospitality, health and aged care and public spaces.
Theatre Technologies – Over the years the technology of entertainment lighting has become a more complicated and specialized field. Lightmoves expertise and service offer has evolved to keep pace with this technological growth.
The Board had decided that it needed to expand geographically to drive growth and engaged CDI to find suitable targets.
Description of the acquisition company
The acquisition target is based in Sydney and has a strong brand reputation in the video and audio commercial sector. The company has a loyal client base and is an excellent bolt on acquisition for the business.