Xynteo was engaged to conduct commercial due diligence on a German clean‑tech holding company and its seven portfolio companies, assess portfolio value and leverageable assets, and shape investor pathways to attract new capital within existing debt constraints.
The client, a holding company based in Germany which invests in, incubates, and provides financing for clean-tech companies with maturity ranging between TRL7-TRL9 (i.e. very mature technology with little-to-no tech risk). It has built a portfolio of seven OpCos across areas such as thermal storage, solar panels, and material recycling.
Xynteo was engaged by the HoldCo’s Co-Founder, CEO, and its corporate investment banking team to conduct commercial due diligence, assess valuation scenarios, and support engagement with potential investors.
€280MM
Combined HoldCo and OpCo estimated value across scenarios
4
Investment pathways developed for potential investors after completing commercial due diligence
20+
Introductions to potential investors
The initiative
The key objectives for the engagement:
- Conducting commercial due diligence on the HoldCo and 7 OpCos
- Assessing portfolio value and leverageable assets across the group
- Designing investor pathways that address funding needs and debt constraints
- Preparing investment materials and engaging potential investors
Xynteo’s role
Commercial due diligence:
- Assessed the financial situation of the HoldCo, including all debts, equity, and shareholder bridges in a group level and at the OpCo level
- Assessed balance sheets of HoldCo and 7 OpCos to evaluate leverageable assets and liabilities
- Valued OpCos using a weighted pipeline approach, incorporating IP potential, R&D investment, and commercial traction
Information memorandum:
- Reached out to 20+ potential investors to introduce investment opportunity
- Built 4 investor pathways, combining valuation modelling with debt haircut strategies and upside
- Created investment memorandum and outreach materials tailored to institutional and strategic investors
