Commercial Due Diligence · Mid-Market

Commercial due diligence built for mid-market deal economics.

Big 4 fees don't fit a €30M deal. But skipping commercial DD is how mid-market FMCG acquisitions fail. Arbol delivers board-ready commercial intelligence at a price point that makes sense — from €4,500, within 10 days, by a senior FMCG operator.

€4,500
Red Flag Report from
€9,500
IC-Ready Assessment from
10
Business days delivery
80–90%
Less than Big 4 fees
Discuss Your Deal → Full Service Details

The mid-market gap

Why mid-market FMCG deals need a different model

The economics don't work with traditional CDD

A €80K–€120K commercial due diligence engagement represents 0.3–0.4% of a €30M deal. That's hard to justify when financial DD is already in play. So the commercial assessment either doesn't happen, or it's a cursory effort bolted onto financial DD by a team with no FMCG expertise.

Mid-market targets have less data

A founder-led FMCG business with €15M revenue doesn't have the data room depth of a Unilever divestiture. The management presentation tells you what they want you to see. Extracting the real commercial picture requires someone who knows what questions to ask — because they've sat in that chair themselves.

Speed matters in competitive processes

Mid-market deals move fast. If your CDD takes 6 weeks, you've lost the deal or you've bid without commercial intelligence. Arbol's 10-day delivery means your IC gets the full commercial picture while the deal timeline is still intact.

One operator beats a team of juniors

At a Big 4, your €80K buys a partner who shows up for the kick-off and a team of 4–6 analysts who are learning FMCG on your deal. At Arbol, your €9,500 buys the undivided attention of someone who has managed FMCG P&Ls across 30+ countries. That's a fundamentally different level of insight.

How it works

From briefing to board-ready in 10 days

01

Intake & Briefing

60-minute call to understand the deal context, the investment thesis, and what the IC needs to see. We align on scope, timeline, and deliverables.

02

Market Deep Dive

Market sizing, growth dynamics, competitive landscape, and channel structure across the relevant geographies. Triangulated from multiple sources — not just management data.

03

Commercial Assessment

The Route-to-Value™ (RTV) framework applied across all 8 diagnostic dimensions: revenue quality, brand pricing power, route-to-market, distribution health, key account risk, category dynamics, competitive positioning, and integration complexity.

04

Delivery & Debrief

Board-ready report, executive deck, and 60-minute strategic debrief. Prioritised recommendations with clear go/no-go signals and post-close action items.

If the assessment doesn't surface at least 3 strategic insights your team hasn't identified, you pay nothing. Every engagement. No exceptions.

Frequently Asked Questions

Mid-market commercial due diligence — your questions answered

Why do mid-market FMCG deals often skip commercial due diligence?

Mid-market acquirers and PE firms frequently skip commercial due diligence because the cost of traditional CDD providers — typically €60,000–€120,000 at Big 4 or strategy consultancies — doesn't fit the economics of a €15–50M deal. The result is that investment committees make decisions based on financial DD alone, missing the commercial fundamentals that determine whether the deal creates or destroys value.

How much does mid-market commercial due diligence cost?

Arbol's commercial due diligence for mid-market FMCG deals starts at €4,500 for a Red Flag Report (3–5 business days) and €9,500 for a full IC-Ready Assessment (10 business days). This is 80–90% less than Big 4 or strategy consultancy fees because every engagement is delivered by a single senior operator — not a team of 4–6 consultants billing at partner rates.

Can commercial due diligence be completed within a mid-market deal timeline?

Yes. Mid-market deals move faster than large-cap transactions, and CDD needs to match that pace. Arbol delivers IC-ready assessments within 10 business days — compared to the 4–8 week industry standard. This speed comes from working with one senior FMCG operator with deep pattern recognition, not from cutting corners on scope.

What deal sizes does Arbol's mid-market CDD typically cover?

Arbol typically works on FMCG deals in the €10M–€70M enterprise value range across Europe, DACH, and the Nordics. This is the segment where commercial due diligence is most impactful — large enough that commercial risks can be material, but where traditional CDD providers are either too expensive or too slow.

UT

Uwe Thellmann

Founder & Principal — Arbol Management & Consulting

Procter & Gamble Danone Energizer Aurelius Group 20+ Years FMCG 30+ Countries

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