RCL Holding AB

Reducing Risks for RCL Holding

A smooth, fast and secure acquisition process with HiQ Technical Due Diligence

A crucial investment 

When the investment company RCL Holding was to acquire Sefina Pantbank AB, they needed to understand several challenges and risks to complete the transaction;

– The overall status of the software used.

– The risks that were connected to the acquisition from an IT perspective.

– The potential to use the existing software in other Holding businesses.

– The investments required to remedy any technical debt and IT legacies.

A waterproof framework

HiQ was to evaluate Sefina’s position against the best practices in all areas related to IT, with a focus on software development and products. The team was also tasked to prepare a list of recommended actions and cost estimations connected with each such action.

With HiQ’s extensive experience in Technical Due Diligence, a TDD project was initiated using the proven and successful framework HiQ developed over the years. The framework allows for systematic, overarching analysis of the technology-related aspects of businesses. It includes analysis of documentation, interviews with key staff, know-how for structured facts collection and interpretation. 

A smoother, faster and safer acquisition process

In a short scope of 3 weeks, HiQ delivered answers to all the challenging questions above, along with analyses and evaluations of critical aspects in the following main areas:

– IT and Product Governance, Roadmaps.

– Technology and architecture.

– IT Infrastructure.

– Capabilities and Key Staff

– Way of Working

– Technical Compliance, IT related cost analysis

– Security

HiQ created and presented the report that included evaluations of all areas of interest concerning necessary improvements, giving the client a direct understanding of risks and a bargaining chip in the bidding process. Concrete KPIs on how the value of the business could be improved over time were also highlighted.

By reducing the risks connected to the acquisition and preparing the way for the buyers to increase the value of the business, HiQ’s Technical Due Diligence makes the post-acquisition life much easier for the management team.