Project Emerald was the sale of a specialist ingredients business for a multi-national agri-processing company. Oghma kicked off the process in June and the transaction was signed off in November and completed in December of the same year post competition clearances. The business operated on a global basis with relatively low levels of profitability but with a valuable stock of new ingredients coming to market as we initiated the sales process. Through a detailed IM and Management Presentations we transmitted the message to a small group of buyers the likely upside to come through from the NPD activities. The result was a competitive auction process with the final consideration at a healthy level and comparing favourable with similar deals in the ingredients sector.