Exigent helps Imperial Logistics

As a giant in the logistics sector, Imperial Logistics is highly susceptible to market pressures such as the cost of fuel across its main hubs in Europe and Africa. With vulnerability to the global economic and socio-political environments, combined with operating in a highly competitive sector, the firm must be vigilant when managing the thousands of contracts surrounding its M&A strategy. Capacity across the business is limited and, with multiple deadlines approaching for a large deal, extra help was required. Imperial Logistics needed a partner who could accurately and efficiently conduct initial due diligence, manage the process and review in-scope target companies, all within a short timeline.

By expediting the due diligence processes, Exigent scaled quickly and grew the due diligence team nine-fold overnight. The experienced team reviewed over 100 documents per day, culminating in over 1,000 lease agreements, master services agreements and supplier agreements at holding and subsidiary level reviewed in total. This alone helped to reduce the timeline for the deal by more than 50%. By keeping the process efficient through the effective use of data, technology and scalable, fluid resources, Exigent helped save 75% on the overall cost of due diligence for Imperial Logistics. Accuracy was a key deliverable for Exigent and achieved through stringent quality control checks. This allowed the lead legal team to focus on mitigating risks by having more time to highlight any areas of material concern within the deal, or that required further attention. Beyond efficiencies, cost savings and risk mitigation, further benefits were gained through all the contracts, leases and terms being digitized, ensuring that all the data used for the due diligence process would be of value and used for many longer-term gains. Exigent turned the due diligence process from a necessary cost into a much longer-term opportunity.