AbacusConsulting wins Buy-side Advisory work for NPCC

AbacusConsulting has been engaged by the Middle East based Pergola Group, to provide buy-side advisory services towards the acquisition of National Power Construction Corporation Ltd. (NPCC) which is being privatized by Government of Pakistan through the Privatization Commission. The scope of work broadly includes a comprehensive due diligence exercise covering corporate, accounting & financial, taxation, HR and organizational due diligence of NPCC.  Also part of the scope of work is a parallel module comprising of business valuation study assuming NPCC as an ‘As-Is’ going concern.

NPCC is a turn-key contractor established in 1974 by the Government of Pakistan with the objective of executing on-shore and off-shore power engineering projects. The company’s project portfolio includes execution of power engineering projects in Pakistan and the MENA region though KSA has largely remained the focal territory. It has completed contracts worth over USD 700mn since inception.

Both the modules, namely the Due Diligence Module and the Valuation Module are inextricably linked and provide data inputs into each other.  The due diligence study is aimed at ascertaining any red flags and financial risks for our Client, the potential bidder for NPCC, along with the identification of any key benefits and synergies.  The business valuation exercise is based on development of an elaborate Excel-based business valuation model that would incorporate critical valuation parameters and help in calculating an appropriate transaction price range and deal structure.