Transaction & Counterparty Intelligence
A transaction can depend on assumptions about ownership, relationships and conduct that the data room leaves unresolved. Periplus examines those assumptions through independent collection, before capital is committed and as the investment develops.
Scope of work
Transaction viability
The conditions on which a transaction depends, including whether counterparties can deliver what they propose and how other interests may affect completion. Findings inform whether to proceed, revise the terms, seek further protection or decline.
Integrity, ownership and control
Enhanced due diligence on management and principals, beneficial ownership and the exercise of control. The work examines relevant conduct and relationships beyond the registered structure, testing adverse accounts as well as assurances.
Local partners and commercial networks
The standing and interests of partners, distributors and other intermediaries. Collection examines how their relationships work in practice and whether their claimed access or capability is supported by evidence.
Execution risk
Approvals, dependencies and informal understandings that the transaction timetable may not fully reflect. Findings identify where further diligence, a condition to completion or a change of sequence may be warranted.
Portfolio and supply-chain monitoring
Continuing assessment of developments that could affect an asset's performance or supply commitments. External reporting tests management's account and identifies changes in counterparties or operating conditions that merit attention.
Form of instruction
Assignments range from a focused counterparty assessment to transaction-specific diligence and standing portfolio reporting. Findings are framed around the client's decision and distinguish established facts from attributed accounts and assessment. They may substantiate the investment case as well as identify reasons to change it.
Selected mandates
These examples draw on the experience behind Periplus, including engagements predating the firm’s establishment.
Independent assessment of a proposed co-lending bank's ownership, standing and conduct, testing concerns alongside evidence supporting the relationship.
Upstream M&A PositioningPre-acquisition assessment of an energy operator's government relationships, sovereign receivables and concession prospects, informing valuation and the allocation of risk.
Data Centre Beneficial OwnershipExamination of a telecommunications contractor's ownership, regulatory standing and dependence on state resources before an institutional client renewed its relationship.
Railway Concession CounterpartiesAssessment of the principals and underlying interests behind a railway-and-resources venture, informing an investor's decision on whether to proceed.
Conflict Mineral Supply ChainsIndependent examination of certified mineral supply chains, identifying exposures that periodic audits had not resolved for a development finance institution.