Parity was engaged to review an ASX listed agribusiness producer to assess its suitability for an acquisition transaction.
Parity researched and analysed the target company, the relevant local and offshore industries as well as meeting with local research brokers.
A detailed forecast and valuation model was developed to carry out sensitivity analysis on the key drivers of the business.
Parity prepared a board paper outlining our recommendations.
Based upon the review, the board decided not to proceed with the transaction due to lack of fit with its overall corporate strategy and an unacceptable exposure to foreign exchange risk.