Study release: "Plant-based meat manufacturing capacity and pathways for expansion"
Read more
Strategic entry modes into sustainable food alternatives
Read more
Bright Green Partners Logo
Bright Green Partners Logo

Commercial Due Diligence: investment decisions in the fermentation sector

Project request

Our client, a leading global investment fund, approached us for commercial due diligence on a potential 8-digit EUR investment. The focus was on a target specializing in fermentation.

We conducted a 4-week comprehensive commercial due diligence on the target with our consulting and expert team. We leveraged our standard commercial due diligence frameworks and tailored this to the investors’ needs and target situation.

Our commercial analysis encompassed an in-depth review of the fermentation sector, focusing on market size, growth drivers, the competitive environment, and commercial viability, including a detailed examination of the target’s business model.

Key components:

  • Market size & growth drivers: Analysis of the fermentation market by ingredient and facility type, current capacity, and demand forecasts, differentiating between own capacity and that provided by target.
  • Competitors: Evaluation of the top three competitors, focusing on business models, technology, sustainability, financing, scale, integration, and partnerships.
  • Pricing & utilization: Benchmarks for pricing and utilization specifically for food fermentation and other targets.
  • Commercial feasibility: Inclusion of the business plan, unit economics, growth drivers, and the foundational commercial & technical assumptions.
  • Business model: Analysis of the target’s business model against various target industry practices.
  • IP & regulatory: Examination of IP status, its relevance to the business model, and regulatory and incentive frameworks within the target’s geography.
  • Commercial team: Assessment of the key commercial team members, focusing on background, qualifications, experience, and their capacity to execute the business plan.
  • Pipeline: Evaluation of the quality of the target's existing and potential customers and projects.

Our methodology

Our project team, consisting of one Project Manager, two Consultants and one Technical Lead, leveraged our in-house knowledge base and extensive network of over 2000 global experts. In addition, management interviews and desk research enabled us to challenge the data room. In most of our due diligence projects, we also perform a site visit.

Our unique combination of both classical due diligence approaches and deliverables, together with in-depth market understanding and expert views, have been combined in a final deliverable of a detailed DD report and an executive summary for the Investment Committee.

Project deliverable

The evaluation offered the client an in-depth understanding of the investment opportunity and associated risks. Our insights will inform the fund’s decision-making, while the overall investment is currently still being assessed and to be presented to the Investment Committee.

For more information on our services and how we can support you on informed investment decisions, please contact us.
Strengthen your position in the alternative protein landscape with our specialized consulting solutions and global expert network.
Latest studies
Plant-based meat manufacturing capacity and pathways for expansion
This study, co-authored with The Good Food Institute, offers a comprehensive analysis of global plant-based meat manufacturing and strategic recommendations for expanding capacity to meet future demand.
Download the report
A corporate guide to alternative protein precision fermentation
This study summarizes the latest developments and opportunities in alternative protein precision fermentation for corporates. It showcases that partnerships are key to success, and highlights a broad spectrum of applications in alternative meat, dairy and egg proteins.
Download the report
Take Action

How can we help your business?

Schedule a 30 minute strategy call with our Managing Partner, Floor.
Subscribe for impact: Stay informed with our latest expert insights in sustainable food alternatives
Newsletter CTA
By subscribing, you are agreeing to occasionally receive information about our relevant services.
Bright Green Partners Logo
Bright Green Partners B.V. 
Chamber of commerce number: 80727077 
Tax number: NL861776367B01
Bright Green Partners. All rights reserved © 2024
Join us on Linkedin