Commercial Due Diligence
Selecting the right opportunities, and avoiding the surprises behind them.
Sponsors evaluating new platforms, corporates entering adjacent categories, lenders sizing risk on cross-border DACH–Asia transactions.
Market, customer, competitive dynamics, and business-plan stress test.
The work, line by line.
Market sizing and growth
Bottom-up TAM/SAM, growth drivers, structural shifts across DACH and Greater China.
Customer voice
40–80 customer interviews per engagement, NPS, win/loss, switching dynamics — on both sides of the corridor where the target operates.
Competitive dynamics
Player mapping, share movement, pricing, route-to-market.
Cross-border expansion thesis
Test of management plans for Asian expansion or DACH market entry.
Business-plan stress test
Management plan reviewed against market, customer, and competitive evidence.
Value creation thesis
A clear input to the investment thesis: what works, what is fragile, what to watch.
What separates the work.
- 01
Diligence, not consulting theater
No frameworks-for-frameworks. We deliver a clear go / no-go view supported by primary research.
- 02
Customer-led research, on both sides
We interview customers in the local language. Yejin and Leo run Greater China; Stefan runs DACH.
- 03
Sector-and-corridor experience
Each CDD is led by a partner with prior banking or strategy-consulting experience in the sector and operating exposure across the corridor.
- 04
Built into deal teams
Our CDD work integrates with FDD findings — one data room, one set of partners, one view of the business.
Active categories along the corridor.
- Industrials & Manufacturing
- Technology, Media & Telecom
- Consumer & Retail
- Healthcare & Life Sciences
- Business & Professional Services
From scoping to deliverable.
- 013–5 days
Hypothesis
Investment thesis decomposed into testable hypotheses with the deal team.
- 023–4 weeks
Primary research
Customer interviews on both sides of the corridor, expert calls, syndicated data triangulation.
- 031 week
Synthesis
Findings, business-plan stress test, management challenge.
- 043–5 days
Final read
Investment committee deck, written CDD report, partner debrief.
Founding partners leading the work.
Reading from the team.
- Practitioner Note
Cross-Border Carve-Outs: A DACH–Asia Practitioner's Field Guide
What separates a clean cross-border DACH–Asia carve-out from a punishing one — drawn from observations across European industrial conglomerates, German Mittelstand sellers, and Asian acquirers operating in the corridor.
By Henrik Bergmann9 min read - Quarterly Update
Q1 2026 DACH–Greater China Crest
Quarterly read on cross-border deal flow between DACH and Greater China — pricing, volume, sector mix, and the indicators we watch for the next three quarters.
By Stefan Knaus8 min read
What clients usually ask before kickoff.
40–80 named interviews per engagement, with the customer base distributed across DACH and Greater China where applicable. We supplement with expert network calls and recent buyer surveys where available.
Yes for focused engagements where the customer voice is the binary question. Full-scope cross-border CDD takes 4–6 weeks. We will tell you upfront which compromises a 3-week timeline forces.
Both. The IC deck is the primary deliverable; the written report carries the evidence and the appendix tables that auditors and lenders ask for.
It changes who interviews whom. Our team conducts customer calls in German, English, Mandarin, Cantonese, and Korean as required. Translated transcripts and summaries are available in the language of the deal team.
Discuss this CDD engagement.
We respond within one business day.
A founding partner reads every inbound. References available on request, under NDA.