Case Study Type
Publicly-Traded Wireless Infrastructure Company
Solvaire Services
Diligence, operational contract management, post-closing integration.Challenge
Client desired timely, cost-conscious and comprehensive diligence services for major M&A activities executed in a way that results could be seamlessly integrated into its existing document management system.
Solution
Established and built (in-house) customized abstraction databases to capture specific information desired by client, for due diligence and post-closing integration and operational purposes. Solvaire also:
- Leveraged legal technologies developed by its in-house software development team and deployed third party artificial intelligence to identify key contract provisions.
- Assembled an experience pool of contract attorneys to complete document review providing turn-key project management services for on-time project delivery.
- Analyzed collected data upon completion of all diligence activities, producing meaningful diligence reports used by client’s legal, operation, financial, business development, risk management and tax teams.
ROI
Over a 20-year relationship, Solvaire performed comprehensive diligence on every major acquisition performed by its client with total deal values worth approximately $25B. Solvaire’s expertise and work performed saved the client millions of dollars versus using outdated review methods and cost structures employed by traditional BigLaw.
We have used Solvaire numerous times for medium and large scale buy-side diligence activities. It amazes me how quickly they get up to speed, assemble a team, and distill large amounts of data into digestible, usable information enabling our deal team to make practical, business-minded and risk-based decisions. I have worked with law firms of all sizes, and no one does it better.
Keith, Vice President, Business Development, Telecommunications Industry