Commercial Due Diligence · FMCG

Board-ready commercial intelligence. Delivered in 10 days.

I help PE firms and mid-market acquirers make better FMCG deals — with 20+ years of operator experience, not consulting theory. The commercial intelligence your IC needs to decide, at a fraction of Big 4 fees.

20+
Years FMCG Operations
30+
Countries Operated In
10
Day Delivery

Commercial blind spots kill FMCG deals

Financial DD catches the numbers. Most mid-market deals fail on commercial fundamentals that never made it into the data room.

Route-to-market assumptions go untested

"Strong distribution" on paper. But across which channels? In which geographies? With what margin to trade? Most deal teams can't answer until it's too late.

Integration risk is chronically underestimated

Synergies look great in the model. Merging sales forces, renegotiating key accounts, integrating supply chains — that's where value actually gets destroyed.

Big 4 fees don't fit mid-market deals

You can't justify €80K+ for commercial DD on a €30M deal. So it doesn't get done — and the investment committee flies on incomplete intelligence.

Commercial intelligence, priced for mid-market

Every engagement delivered personally by a senior operator — not a team of junior analysts learning your industry on your dime.

Red Flag Report
From €4,500
3–5 business days
Best for
Early-stage screening. Quickly validate whether a target's commercial story holds up before committing to full diligence.
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Startup & High-Growth
From €6,500
7 business days
Best for
Venture-backed or early-stage FMCG. Different risk framework — heavier on TAM, unit economics, and defensibility.
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Advisory Retainer
From €2,500 /week
Flexible engagement
Best for
Ongoing deal support, post-close integration guidance, or strategic advisory when you need an experienced FMCG operator on call.
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If the assessment doesn't surface at least 3 strategic insights your team hasn't identified, you pay nothing.

Every engagement. No exceptions. That's the confidence 20+ years of operator experience provides.

From briefing to board-ready in 10 days

01

Intake & Briefing

60-minute call to understand the deal context, target company, and what the IC needs to see.

02

Market Deep Dive

Market sizing, growth dynamics, competitive positioning, channel structure across relevant geographies.

03

Commercial Assessment

Route-to-market evaluation, key account analysis, distribution gap mapping, integration risk scoring.

04

Delivery & Debrief

Board-ready report, executive deck, and 60-minute strategic debrief with prioritised recommendations.

Not a consulting firm. An operator who's done the work.

I've sat in the boardroom and on the factory floor. I've led P&Ls across 30+ countries, integrated acquisitions that delivered the promised synergies, and restructured businesses that others had written off.

At Procter & Gamble and Danone, I built and scaled route-to-market strategies across the Nordics, DACH, and wider EMEA. At Aurelius Group, I operated as a hands-on investment professional driving value creation in PE-backed portfolio companies.

What this means for you: When I assess a target's commercial viability, I'm pattern-matching against hundreds of real situations — which distribution partners actually perform, which integration approaches work in FMCG, where the hidden margin sits, and what will blow up post-close if nobody catches it.

20+
Years in FMCG
30+
Countries
€B+
Revenue Managed
UT
Uwe Thellmann
Founder & Principal
Procter & GambleGlobal FMCG Ops
DanoneInternational Markets
EnergizerBrand & Distribution
Conaxess TradeRoute-to-Market
Aurelius GroupPrivate Equity

Evaluating an FMCG deal?

Let's spend 30 minutes on your situation. No pitch, no pressure — just a conversation about whether a commercial assessment would add value to your process.

Book a 30-Minute Call
or send a message