Problem: A leveraged buyout firm had identified a potential acquisition target, but needed to quantify the potential benefits before it closed the deal.
L-BOX, a leveraged buyout firm, was looking to buy PackageMaster, a plastics packaging company.
For the purchaser, the value of the acquisition would be derivedfrom:
PackageMaster's ability to maintain a leadership positionin its core business segment
the market potential of a new segment and PackageMaster'sability to compete in it
Bain was asked to do a four-week due diligence to help L-BOXmove quickly on completing the deal.