Client Profile
A diversified industrial conglomerate looking to divest a non-core manufacturing unit to focus on its technology and services businesses.
The Challenge
The division had been cross-subsidised for years, making standalone financials unclear. Potential buyers questioned the unit's viability without parent company support.
Our Approach
Nirji performed standalone financial reconstruction, identified operational efficiencies, and created a compelling standalone business plan. We ran a dual-track process — private sale and management buyout — to maximise competitive tension.
Solution Delivered
Completed a $30M sale to a strategic buyer at 7.2x EBITDA, with transition services agreement ensuring continuity. The seller retained a 15% stake with put/call options.
Measurable Outcomes
$30M
Transaction Value
7.2x
EBITDA Multiple
7 months
Process Duration
"They turned a complex carve-out into a clean, competitive process. Exceptional execution."
How This Connects to Our Broader Practice
This engagement exemplifies how Nirji Ventures integrates multiple capabilities to deliver end-to-end results. Companies facing similar challenges often benefit from our investment banking practice for capital transactions, business transformation consulting for operational improvements, and financial advisory for structuring and governance.
For companies expanding internationally, our global expansion advisory provides market entry support across 30+ countries. Early-stage ventures can explore our startup consulting practice for strategic guidance from pre-seed through Series B.
Browse our insights library for research and frameworks on growth strategies, funding stages, investor evaluation criteria, and exit planning. View all case studies to see more examples of our work.