Client
The Illum department store was purchased by Merrill Lynch in 2003 as part of its property investment portfolio.
Objective
To prepare the business for sale.
Financial model of the business to determine the range of target sale prices for the business.
Prepare strategy scenarios to present to the potential purchasers.
Approach
Numensa acted as the lead consultant alongside Price Waterhouse Coopers to prepare a detailed modelling tool to forecast the financial performance for the next 5 years.
Numensa modelled a number of possible strategic and operational scenarios and from this the potential value range of the business was determined.
Result
The sale of the business to Baugur was successfully completed in the autumn of 2005.
