Commercial due diligence for a proposed joint venture in India

Osborne Partners was engaged by a global company considering a joint venture in India to assess the reputational and political risks associated with a prospective local partner and its founder. Drawing on discreet discussions with senior stakeholders, we evaluated the founder’s political access and ability to support approvals and incentives, alongside heightened exposure from publicly scrutinised financial irregularities.

Expert:

Avanti Bhati

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Investigate

A global company engaged Osborne Partners to conduct due diligence on an Indian business group and its founder, in light of a potential joint venture. The enquiries focused on the founder's reputation, political connections and ability to secure government support for business operations of the proposed joint venture.

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Evaluate

Our discreet enquiries, with senior stakeholders, revealed that while the conglomerate had faced allegations of financial impropriety in the past, the founder's political influence remained largely intact. This influence extended to potential advantages in securing approvals and incentives for new ventures, including in the potential joint venture sector. However, our findings also highlighted potential risks primarily emanating from the group’s financial irregularities which had become public and have been flagged at the highest levels of the government.

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Communicate

Osborne Partners delivered a comprehensive assessment balancingthe founder's demonstrated political access and capacity to facilitateregulatory approvals against material reputational exposure from publiclyscrutinised financial irregularities. Our report enabled the client to evaluatethe strategic benefits of the partnership alongside governance vulnerabilities,ultimately informing their decision on whether to proceed with the jointventure and, if so, under what protective contractual frameworks.

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Service

Business Intelligence & Investigations

We support clients across the investment lifecycle, from pre-investment due diligence to post-investment investigations and public policy risk assessments, helping them identify and respond to reputational, regulatory and governance risks.

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Expert

Avanti Bhati

Partner

Avanti specialises in business intelligence, investigations and political risk, with a track record of uncovering assets worth millions in cross-jurisdictional cases.

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