laboratory
4 weeks
Delivery timeline
8-figure
Investment size (EUR)
Investor
Client type
DD
Project type

The challenge

Request

Our client, a leading investment fund, tasked us with performing technical and operational due diligence on a potential 8-figure EUR investment. The focus was on a cultivated meat target.

Over a period of four weeks, our consulting and expert team undertook a comprehensive technical and operational due diligence on the target, utilizing our established technical due diligence frameworks while customizing them to meet the specific needs of the investors and the circumstances of the target.

We performed a critical evaluation of all technological aspects of cultivated meat production and summarized them in a techno-economic analysis (TEA) with realistic assumptions. Additionally, our scalability and operational assessment pinpointed potential growth challenges and bottlenecks, for which we provided mitigation strategies to the investor.

approach

Our methodology

Our project team – one Project Manager, one Consultant, and one Technical Lead – tapped into our proprietary knowledge base and network of 2,000+ global experts. Through management interviews, a site visit, and desk research, we rigorously examined the data room.

Key components:

1. Technology evaluation

Examination of upstream and downstream process, cell lines, media, and other core technology, along with intellectual property and regulatory affairs.

2. TEA

Detailed techno-economic review of assumptions for the facility and realistic forecasts benchmarked against the industry.

3. Partnership potential

A detailed overview of potential partnership companies best positioned to complement the target’s abilities and deliver value to the investor.

4. Operational assessment

Review of the target’s focus areas, organizational structure, and scientific team, to provide a recommendation on the best path to commercialization.

5. Technical scalability

Analysis of the scalability of the production technology, including potential challenges and bottlenecks.

We integrated classic due diligence practices and findings with extensive market insights and expertise from technical specialists, resulting in a detailed due diligence report and an executive summary for the Investment Committee.

The impact

Project deliverable

The project’s results furnished the client with a detailed analysis of the investment opportunity and its associated risks. Our findings will guide the fund’s decision-making process, as the investment is still under consideration.

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See a sample output

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Our consulting team based out of Europe and 2500+ expert team located in 60+ countries cover the full AgriFood Tech value chain globally.

Ewa Granosik
CEO & Managing Director