Successful business in general and successful banking in particular is based to a large extent on trust - but there are, of course, often cases where having trust pre-requisites prior examination, analysis and control - or as Lenin said: trust is fine, but (sometimes) control is better. And this is exactly where Risk Advisory comes in; their services in this respect were always efficient, cost-effective, quick and fully reliable.

Dr. Friedrich Sommer, Head of Legal & Compliance, Raiffeisen Zentralbank Österreich AG

 

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Providing the means to rebuff a hostile bid



We were approached by the advisors of a major Danish manufacturer faced with an unwelcome bid from a North American competitor. Working closely with the manufacturer's banking and PR advisors, we helped to identify areas of weakness in the competitor's bid.
By searching through public records and media archives from two continents and undertaking enquiries across North America, we uncovered a number of major vulnerabilities.

The competitor was tainted by a close association with discredited public officials and dubious businessmen. The company's founder had been labelled a racist and there appeared to be a significant pattern of acquisitions which had resulted not in turnarounds, but in closures and commercial failure. The Board was made up of a coterie of the founder's cronies, further calling effective corporate governance into question. We also looked at the company's regulatory, environmental, labour and workplace safety records. The information we uncovered proved to be a significant factor in the Danish company's successful defence of the bid.
The Risk Advisory Group (Holdings) plc Registered Office: 10-12 Russell Square London WC1B 5EH Place of Registration: England and Wales Company Number: 5188468