Situation
The project was a £20 million share purchase by our client of a timer frame manufacturing company. The transaction was a straightforward private limited company M&A but the timescale for completion was challenging and there was a very tight budget. Originally our client engaged a top accountancy firm to provide project management services but after a series of delays to the project at the start, they asked Pinsent Masons to provide project management services instead to ensure the acquisition was completed on time and on budget.
Steps Taken
To initiate the project we developed an overarching project plan to show key actions, responsibilities, project duration and milestones. With an overall plan agreed, weekly status and financial reports were produced and circulated to the entire project team and client stakeholders to monitor progress and spend.
The main challenge on this project was the pace of the transaction coupled with the fact that the purchaser was unwilling to take a risk based approach to the purchase. To provide the purchaser with the control and comfort required, a daily project tracker was created and maintained in addition to the overarching project plan.
Results
The project was successfully delivered early and under budget. We created a detailed project plan, scheduled and ran regular project update calls, monitored progress of the project plan, ensured transparent communication across the project team and delivered regular status and financial reports. We also supported and coached the matter trainee on the application of project management techniques so that she could provide more detailed, day-to-day, project updates.
“Thank you so much [Legal Project Manager]. You’ve been such a star driving us forward to meet the seemingly never ending deadlines and always with a smile on your face – thank you! I just wanted to say a big thank you for everything you did. Wonderful achievement. Thank you.”
Head of Planning Development, Client