Client advisory meeting

Client Accounts

What clients have said after the work was done and the transaction had moved forward.

The accounts below are drawn from organisations that have engaged Sepadu Advisory across the three engagement types. They are presented with candour — including where the work was useful and where it was limited by circumstances.

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47

Engagements
Completed

4.7

Average Client
Satisfaction

8

Years in
Practice

68%

Returning
Clients


Client Feedback

Accounts from the organisations we have worked with.

TC

Tan Chin Wee

Head of Corporate Development · Kuala Lumpur

"We engaged Sepadu on the diligence for a logistics software acquisition in Penang. The written note they produced was the first technology diligence document I've received in fifteen years that a non-technical board member could actually read. The liability mapping on the software licences identified an issue that subsequently affected the purchase price. Worth the engagement several times over."

Pre-Merger Diligence · April 2025

NI

Norsyahida Ibrahim

IT Director · Selangor

"We came to Sepadu about eight months after close, when it became clear that the integration plan we had developed internally was running into problems we hadn't anticipated. Their engagement helped us see where the sequencing was wrong. The integration plan they produced was more detailed than I expected — particularly the section on vendor obligations we had inherited. The pace was right; they didn't push us faster than the organisation could manage."

Post-Merger Integration · March 2025

RK

Rajendran Krishnan

CEO · George Town, Penang

"The Carve-Out Workshop was two of the most productive days I've spent in a planning context. Having CorpDev, IT and Finance in the same room with a structured facilitation method meant that we surfaced disagreements about the TSAs and the re-licensing timeline in two days that would otherwise have taken weeks of separate meetings. The handbook they produced at the end was genuinely usable — not a reformatted slide deck."

Carve-Out Workshop · April 2025

LS

Loh Swee Kim

VP Finance · Johor Bahru

"I had been part of two acquisitions before this one where the technology diligence was done by our existing audit firm. They were thorough on the financial controls but they frankly weren't reading the architecture documents the way Sepadu did. The security posture section of the diligence note opened a conversation with the target's management team that would not have happened otherwise."

Pre-Merger Diligence · May 2025

AM

Ahmad Muzaffar

CTO · Kuala Lumpur

"What I valued most was that they were direct about what was outside the scope of the engagement. They didn't over-claim. When they couldn't fully assess one aspect of the target's infrastructure because access was limited, they said so in the diligence note and explained what that meant for the risk assessment. That kind of candour is not as common as it should be."

Pre-Merger Diligence · March 2025

PT

Priya Thavarajah

Integration Lead · Penang

"We are now twelve months into the integration and the plan Sepadu produced in the early months continues to function as a reference document. When new decisions arise — a vendor renewal, a question about decommissioning a legacy system — we return to the integration plan and work from it. That kind of durability in an advisory output is not something I had encountered before."

Post-Merger Integration · February 2025


Case Studies

Three engagements examined in more detail.

Case Study — Diligence

Logistics software acquisition, Penang — 2025

The Challenge

An acquirer with no in-house technology expertise was eighteen days from a term sheet signing on a Penang-based logistics software company. The financial pack had been reviewed; the technology estate had not. The deal team needed a written assessment of what they were taking on before price was fixed.

What We Did

We completed a condensed diligence engagement within twelve working days. The review covered the architecture, the engineering team composition, three years of vendor contracts, the hosting arrangements and the security configuration of the production environment. Two technical interviews with the target's development lead were conducted under the existing NDA framework.

The Outcome

The diligence note identified a perpetual software licence held by the target that contained a change-of-control clause — not disclosed in the information memorandum. This was raised with the target's legal team before signing. The clause was either renegotiated or excluded from the acquired assets; the acquirer adjusted the price accordingly. The engagement was completed within the deal timeline.

"The licence finding alone changed the negotiation. We had not seen it and our lawyers had not flagged it. It was in the technology documentation, not the legal pack."

— Head of Corporate Development, acquirer

Case Study — Integration

Healthcare platform integration, Selangor — 2024–2025

The Challenge

A Malaysian healthcare group had completed an acquisition of a smaller clinic management software provider. Seven months after close, the integration of the two technology estates had stalled. The acquirer's IT team and the acquired company's development team were producing conflicting plans and making limited progress.

What We Did

We conducted a systems catalogue on both sides independently, then brought the two catalogues together in a structured working session with both IT leads present. We identified eleven points of duplication, three critical dependencies not documented in either existing plan, and a hosting obligation in the acquired company's contracts that constrained the migration timeline by four months.

The Outcome

The integration plan we produced was accepted by both IT teams and the group CIO within three weeks of delivery. The plan resequenced the migration to account for the hosting constraint, and identified two vendor contracts that could be consolidated immediately. Fourteen months on, the integration is running broadly to schedule. The written plan has been updated twice; the core structure has remained intact.

Case Study — Carve-Out

Retail division carve-out, Kuala Lumpur — 2024

The Challenge

A diversified Malaysian conglomerate was preparing to sell its retail division. The retail division shared a significant portion of its technology estate — ERP, HR system, WMS — with the parent group. The technology separation had to precede the legal separation, but no one had mapped exactly what that meant in sequence.

What We Did

We ran the two-day Carve-Out Workshop with corporate development, IT operations and finance present. The workshop surfaced seventeen dependencies between the retail division's technology and group-owned systems, identified four transitional service agreements that would be required after separation, and produced a sequenced separation plan with a realistic eighteen-month timeline.

The Outcome

The carve-out handbook produced at the close of the workshop was used directly as the basis for the formal separation programme. The group CTO noted that the workshop identified three dependencies that had not appeared in any of the pre-existing documentation. The TSA list from the workshop was used without material change in the final sale agreement.

"We had four weeks of internal working group meetings before the workshop and we produced thirty pages of notes. The two-day session produced more actionable clarity than those four weeks had."

— Group CTO, divesting conglomerate

Contact

Reach us directly.

Telephone

+60 4 218 7493

Address

19 Jalan Burmah
10350 George Town
Penang, Malaysia

Office Hours

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Sat: 9am–1pm


Next

If these accounts correspond to circumstances you recognise, the next step is a conversation.

Send us a brief description of the transaction and where it stands. We will respond with a candid assessment of whether and how Sepadu Advisory might contribute.

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