Aninver hired to deliver construction due diligence in Central Asia
Aninver Development Partners has been engaged by a development finance institution to support a major investment decision-making process in Central Asia.
The development finance institution – whose name remains confidential – has appointed Aninver to conduct technical, commercial and operational due diligence on a leading construction group active in Central Asia. The assignment will see Aninver independently assess a range of factors to help its client make a balanced and informed decision regarding a potential investment.
“For investors evaluating large construction groups, financial due diligence alone is not enough,” said Álvaro de la Maza, partner at Aninver. “It is also essential to assess other factors that can materially affect performance, liquidity and downside risk, such as delivery capacity, backlog quality, contractual risk allocation, working capital discipline and project controls.”
During the six-week engagement, Aninver will provide a structured assessment of the construction group’s technical, commercial and operational capabilities. This will include evaluating backlog quality, the credibility of the project pipeline and the achievability of margins, as well as reviewing working capital resilience and project control processes.
The scope also covers procurement-related activities, including procurement practices and subcontractor management, as well as an analysis of how contractual risks are allocated.
Aninver will benchmark the construction group against international best practices to provide the development finance institution with comparable insights. The findings will then be translated into decision-making recommendations and presented in a final report.
Expansion in Asia
For Aninver – a consultancy with an established track record across Europe, Africa and Latin America – the project comes shortly after the firm announced plans to expand its investment and presence in Asia.
“This engagement reinforces Aninver’s commitment to supporting development finance institutions in complex sectors and emerging markets, and strengthens our ambition to grow the business in Asia,” said de la Maza.
