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Capability 04 · Independent Advisory

Independent assessment, where objectivity is the deliverable.

We provide technical and operational due diligence, TEDD, and plant lifetime assessment for investors, lenders, and corporates. Firms such as Ernst & Young, PwC, and PPA appoint us precisely because our judgement is independent and grounded in decades of building and running the assets we assess.

Buy-side & sell-side DD TEDD Lifetime assessment CAPEX/OPEX validation
04 What we deliver

Independent advisory across the transaction lifecycle.

From early feasibility and technology review to detailed due diligence and closing support, delivered by the same engineers who study, design, build, and operate energy and chemical plants.

01

Technical & Operational Due Diligence

Buy-side and sell-side DD for investors, lenders, and corporates, validating process, asset condition, operations, and CAPEX/OPEX assumptions.

02

Technical & Environmental DD (TEDD)

Asset, structural, environmental-compliance, and fire-protection assessment with rectification CAPEX estimates, to international DD standards.

03

Plant & Lifetime Assessment

Remaining-life and reliability assessment of plants and major equipment, with maintenance, overhaul, and replacement recommendations.

04

Feasibility & Bankability Review

Independent review of feasibility studies, technology selection, and business plans to support investment and financing decisions.

05

CAPEX/OPEX Validation & Risk Register

Technical validation of cost assumptions and a structured risk register that feeds valuation (DCF, IRR, NPV) and negotiation.

06

Transaction & Negotiation Support

Q&A support, condition-precedent recommendations, and technical advisory through to closing, alongside lead, financial, legal, and valuation advisors.

How we work

A three-phase due-diligence methodology.

Structured to align with the transaction timeline and to slot cleanly into an investor-led advisory consortium, alongside financial, legal, tax, and valuation partners.

Phase I

Preliminary Review & Planning

  • Information Request List (IRL) and kick-off with the lead advisor and consortium.
  • Review of process and technology, installed capacity, operating and HSE data, and business projections.
  • High-level technical assessment and early red-flag identification.
  • Site-visit plan and management question list, aligned to the transaction schedule.
Deliverables

Information Request List

Preliminary Findings & Data Gap Analysis

Site Visit Plan & Question List

Phase II

Detailed Technical & Operational DD

  • Process and technology review: design, mass and energy balance, conversion efficiency, and product-quality compliance.
  • Asset-condition review: reliability, age and remaining life, downtime history, and overhaul needs.
  • Operational review: O&M practice and cost, availability, feedstock security, utilities, and logistics.
  • HSE and operational-risk review, with a structured risk register and mitigation guidance.
  • Site visit, field verification, and technical validation of CAPEX/OPEX estimates.
Deliverables

Technical & Operational DD Findings

Asset Condition & Reliability Assessment

Site Visit & Verification Report

Phase III

Reporting & Transaction Support

  • Comprehensive DD report with findings, risk assessment, and mitigation recommendations.
  • Technical validation of CAPEX/OPEX and key parameters, feeding valuation (DCF) and feasibility (IRR, NPV, payback).
  • Recommendations on transaction structure, conditions precedent, and post-transaction integration.
  • Q&A and negotiation support on technical and operational matters, through to closing.
Deliverables

Final Technical & Operational DD Report

CAPEX/OPEX Validation & Risk Register

Technical Advisory & Negotiation Support

WHY
Why TKL

An assessor that has sat in the operator's chair.

01

Operator-grade insight

Our assumptions come from the field, validated against plants we have designed, built, commissioned, and operated.

02

Objectivity is the deliverable

An independent evaluation, not advocacy. Clients appoint us because we have no stake in the outcome.

03

Consortium-ready

We slot into investor-led teams alongside lead advisors and financial, legal, tax, and valuation (KJPP) partners.

04

International standards, local insight

Global DD methodology delivered with on-the-ground technical understanding across Indonesia and the region.

Independent

Judgement you can rely on, because we have no stake in the outcome.

Selected credentials

Trusted for independent judgement.

Technical & Environmental DD

Cross-border TEDD for Ernst & Young

Ernst & Young · Indonesia, Malaysia & Thailand · 2024

Data-room review, multi-site field inspections, technical and structural condition assessment, and rectification CAPEX estimation for a multinational industrial client, supporting EY's cross-border investment decision to international DD standards.

Industrial & Business DD

Independent oleochemical due diligence

PPA / CRC · 2020

Independent technical and business review of an oleochemical operation: plant condition and reliability, process and utilities, market position, and operating-efficiency opportunities.

Technical Study & Plant Assessment

Technical study across 36 sugar mills

PwC / PTPN · 2020

Plant assessment, equipment reliability, infrastructure optimisation, and cost-efficiency review across PTPN sugar mills, delivered alongside PwC.

Plant Lifetime Assessment

Remaining-life assessment, Kujang 1A

Pupuk Kujang · 2021

Remaining-life assessment of the K1A plant: equipment condition, reliability, and maintenance and replacement recommendations.

Engagement details are presented at a level consistent with our confidentiality obligations. Specific transaction targets are not disclosed. A fuller credential statement is available on request.

Planning an acquisition, a financing, or an independent review?