Fueling growth with M&A
Building a global leader in lithium battery sector with bolt-on acquisition strategy
The assignment
In 2017, Waveup was contacted by Company with a strong ambition: build one of the world’s largest lithium battery operations. In a competitive landscape, highly dominated by technology and IP, this seemed like an impossible task.
We set on a mission to help the company grow and achieve its ambitions with a thorough and well planned M&A growth strategy.
Key client challenges
Thorough understanding of the market dynamics but lacking “helicopter view” on the market direction and opportunities
Lack of understanding of the strategic direction best to pursue taking into account limited budget and specific resources / capabilities
The need to quickly secure $20M in financing to finance the first acquisition, followed by $100M raise for the growth & scaling
Where we helped
Initial research and analysis on the opportunities in the Li-Ion market taken into account Client’s strengths, weaknesses and capabilities
Advisory in the acquisition of two battery companies to complement Client’s product portfolio and capabilities
Support in securing the financing for the acquisitions from the outside investors; including full build on the Information Memorandum, pitch deck, financial modelling and valuation
Examples of analysis done
Immediate impact
Directly helped to build and finance one of the fastest growing global lithium ion battery companies, with production in China and offices across the world
$20M
in financing
2
acquisitions
$1B
in revenues in 2020