MERGERS & ACQUISITIONS
Case Study #1
MK Cical, a joint venture/acquisition between Morrisen Knudsen of Boise, Idaho and Cical SA of Strasbourg, France.
Engagement:
Lakeland Asset Management was hired by Morrison Knudsen to identify a partner and future acquisition target for the design and construction of food and beverage production facilities on the European continent.
Process:
Lakeland Asset Management identified Cical SA as a European leader in design-build bottling, canning and food and beverage production facilities with a need for cashflow injection and a strong partner with vast engineering and construction experience.
Outcome:
During this 3 year engagement Lakeland Asset Management achieved the following:
.....- Creation and implementation of a joint venture identification plan.
.....- A joint venture company was created - MK Cical SA (MK as majority shareholder).
.....- Implementation of the business plan (with all budgets, cashflows and projections) created
.......by Lakeland Asset Management in conjunction with MK Cical SA.
.....- Implementation of the sales program, using multiple international contacts, MK Cical
.......received numerous contracts from Coca Cola, Mars and Kroenenberg Breweries.
Key Capabilities:
.....- Ability to identify the clients needs and translate this in to a cohesive business action.
.....- Lakeland Asset Management successfully married 2 corporations needs and visions of the
.......future into one new company.
.....- Utilization of the Lakeland Asset Management Group's extensive business savvy and
........strong negotiation skills in conjunction with understanding several different cultures.
.....- Knowledge and understanding of industrial projects and joint ventures.
.....- Ability to negotiate multi-million dollar joint ventures and the ability to identify the right
.......partner for the creation of a new asset.
