Düsseldorf, March 14, 2018: The fourth edition of the study on German valuation practice in squeeze-outs, mergers and other legal measures according to German law has been complemented by reports with valuation dates in 2017 and analyses the development of valuation practice since 2010. For the first time this study is also available in English.

„The new I-ADVISE study can be serve as a reference point for the most important parameters of valuations and offers an overview of solutions to a multitude of valuation questions by valuation professionals.“, explains Dr. Jochen Beumer, Head of Valuation Services of I-ADVISE AG.

I-ADVISE is an accounting and advisory firm specialised in transaction and valuation services and is a member of an international alliance of independent advisory firms.

You can download the complete study in English here. The German version may be dowloaded here.

Düsseldorf, November 2018: I-ADVISE continues its growth in valuation services and complements the valuation services team led by Dr. Jochen Beumer with Pia Brandenstein.

Pia Brandenstein is an expert in the field of valuation service with particular experience as auditor or independent expert appointed by the court in the context of German stock corporation laws and transformation laws. She also has a large consultancy track record being both German public accountant (Wirtschaftsprüfer) and German tax accountant (Steuerberater) Starting her career in a next-ten-auditory she changed to a specialist in valuation to finally reach I-ADVISE.

„We are very happy to welcome Pia on board as a well-renowned valuation expert“, so Dr. Jochen Beumer, Head of Valuation Services of I-ADVISE AG.

October 2018: Evonik is taking the next step in systematically focusing on specialty chemicals with the divestment of its US Jayhawk site in Galena, Kansas. The site produces precursors for agrochemicals, which are not included in the growth businesses defined by Evonik.
Jayhawk’s activities fall under the Agrochemicals & Polymer Additives business line in Evonik’s Performance Materials segment. Under a share deal, funds advised by the international investment firm Permira will acquire the site along with the company and its approximately 120 employees. The sale price is in the high double-digit million dollar range. The transaction is subject to approval by antitrust authorities in several countries.

I-ADVISE provided financial sell-side support to Evonik including the compilation of a financial fact book.

Permira is a global investment firm. Founded in 1985, the firm advises funds with a total committed capital of approximately €32 billion. The Permira funds have a long track record of successfully investing in industrial companies around the world and have invested over €4.6 billion in more than 20 companies. The CABB Group, headquartered in Sulzbach am Taunus, Germany, is a globally active producer of precursors, intermediates, and active substances for fine chemicals. With about 1,000 employees, the Group generates annual sales in the region of €450 million.

Evonik is one of the world leaders in specialty chemicals. The focus on more specialty businesses, customer-orientated innovative prowess and a trustful and performance-oriented corporate culture form the heart of Evonik’s corporate strategy. They are the lever for profitable growth and a sustained increase in the value of the company. Evonik benefits specifically from its customer proximity and leading market positions. Evonik is active in over 100 countries around the world with more than 36,000 employees. In fiscal 2017, the enterprise generated sales of €14.4 billion and an operating profit (adjusted EBITDA) of €2.36 billion.

September 2018

Bad Blankenburg. Intercus GmbH retained I-ADVISE AG to assess options to fund its strategic growth perspectives. Such growth financing was provided by the new minority shareholder bm|t beteiligungsmanagement thüringen gmbh, Erfurt.

The cash injected into equity will support Intercus in its efforts to develop marketable product innovations and to expand into new regional markets.

„bm|t and Intercus form a partnership that is built on a long-term relationship and reliability. Intercus is therefore ready to cope with coming challenges and well-prepared to take advantage of new opportunities”, explained Thomas Busch, managing director of Intercus.

About Intercus

Since 15 years Intercus develops and manufactures implants in the field of traumatology and orthopaedy for domestic and international markets. Intercus specialises on polyaxial locking systems and innovative products enhancing wound healing.

Together with well-renowned clinics and universities from all over the world, Intercus’ R&D department seeks to develop new implants and to identify new materials. Intercus’ highest quality products are manufactured in a state-of-the-art production site in Thuringia.

About bm|t

Back in 2003, bm|t was founded by its sole shareholder Thuringia development bank (“Thüringer Aufbaubank”). Its funds are used to provide equity capital to younger and also well-established enterprises from Thuringia with particular growth perspectives. In general, equity financing is provided by Midcap Fund for Thuringia (“Mittelstands-Fonds Thüringen”) which is managed by bm|t.

Düsseldorf, February: I-ADVISE continues its growth in valuation services and complements the valuation services team led by Dr. Jochen Beumer with Klaus Jürgens.

Effective 1 February I-ADVISE hired Klaus Jürgens, an expert in the field of valuation service particularly in the banking and insurance industry. After his training as a banker he studied business administration at the WWU Münster and passed the exam as a German tax accountant (“Steuerberater”). In his professional career he worked at a Big4 Accounting and Advisory firm and an international insurance group.

„We are very happy to welcome Klaus on board as a well-renowned valuation expert“, so Dr. Jochen Beumer, Head of Valuation Services of I-ADVISE AG.

Perpetual base rate for valuation dates in January 2018 is 1.30 % (not rounded, 3-month averaging, 1 % growth rate). – Non-binding indication -

The base rate has been calculated based on yield curve data (Svensson method) as provided by Deutsche Bundesbank.
Upon your request we can calculate case-specific base rates for you, considering company-specific cash flows, growth rates and varying the period of averaging.

DruckDüsseldorf, 1.2.2018: As part of the scholarship program ProTalent, I-ADVISE AG awards sponsorships to students at the Chair of International Accounting (IUR) at the Westfälischen Wilhelms-Universität Münster (WWU).

ProTalent is a scholarship program of WWU based on the German national scholarship program introduced by German government in 2011. The scholarship program of WWU is designed to support excellent students and to support education of young professionals. Frequent and regular contact and exchange of students with sponsors facilitate access to professional work experience.

Thanks to an improved financial independence sponsored students can focus on their studies and much better develop skills based on their talents.

Frank Berg, Partner of I-ADVISE AG, enthusiastically explains the commitment to the ProTalent scholarship program: „Sponsoring excellent performance and capabilities not only expresses our appreciation for talented and motivated students. We as a firm rate our role as sponsor as an excellent means to enter into exchange and discussion with tomorrow’s high performers. As a professional services firm we highly value quality and excellence not only in our work but also on the part of our employees. Participating in the scholarship program thus represents a consequent investment in the future success of our firm.“

Perpetual base rate for valuation dates in January 2018 is 1.29 % (not rounded, 3-month averaging, 1 % growth rate). – Non-binding indication -

The base rate has been calculated based on yield curve data (Svensson method) as provided by Deutsche Bundesbank.
Upon your request we can calculate case-specific base rates for you, considering company-specific cash flows, growth rates and varying the period of averaging.

Perpetual base rate for valuation dates in November 2017 is 1.32 % (not rounded, 3-month averaging, 1 % growth rate). – Non-binding indication -

The base rate has been calculated based on yield curve data (Svensson method) as provided by Deutsche Bundesbank.
Upon your request we can calculate case-specific base rates for you, considering company-specific cash flows, growth rates and varying the period of averaging.