In July 2014 GFKL Financial Services AG acquired software specialist intratech GmbH, Pulheim.

The objective of GFKL‘s strategic investment is to support clients already at an early stage with their administrative processes as well as strengthening GFKL’s position as BPO-specialist in receivables management.

GFKL is a leading provider of receivables management. GFKL’s 1300 employees in Germany and Spain are servicing receivables worth about 20.2 billion Euro. The services are directed at clients from business groups, banks, insurance companies, energy suppliers, telecommunication companies, public institutions as well as SMEs. GFKL is competent in every aspect of receivables management and covers all requirements with high demands on quality. The rating agency Standard & Poor’s awarded GFKL with the best servicer-ranking in Germany.

Kamyar Niroumand, CEO GFKL group: “I am convinced there will be a further differentiation in receivables management through the acquisition. In the last months we successfully strengthened our position in the market by organic growth – the expansion of the range of services offered now also ensures further positive development in new segments.”

The financial and tax due diligence team of I-ADVISE team led by WP/StB Frank Sichau supported GFKL in the due diligence phase.

I-ADVISE AG specializes in transaction advisory and valuation services. I-ADVISE AG is part of an international network of consulting firms, which, if necessary, can complement the project teams in cross border transactions and valuation projects. For further information please visit www.i-advise.de.

On April 11, 2014, WILO SE acquired a minority interest in Muenster based iEXERGY. iEXERGY is specialized in developing soft- and hardware for wireless smart home solutions. As a leading innovative company iEXERGY is offered targeted support by the Federal Ministry of Economics and Technology.

The venture capital investment followed an only recently concluded strategic partnership in the field of communication of high efficiency pumps with other components in home automation systems. Customers will – at the same time – enjoy maximum convenience and significant cost savings by an intelligent automation system for lighting, entertainment, security and energy consumption.

„The cooperation with our new partner is a reflex of our strategy. WILO not only offers pumps, but focuses on the broader picture. A further step to increase our system competence,” explains Oliver Hermes, CEO of WILO group.

With its 7,000 employees WILO SE generated revenues of 1.2 billion Euro in 2013 and is a globally leading manufacturer of pumps and pump systems for heating, ventilation and air conditioning, water supply and waste water disposal.

The financial and tax due diligence team of I-ADVISE team led by certified public accountant Frank Berg supported WILO SE in the due diligence phase and in contract negotiations.

I-ADVISE AG specializes in transaction advisory and valuation services. I-ADVISE AG is part of an international network of consulting firms, which can complement project teams in cross border transactions and valuation projects.

The update of the study on valuations required by German law (first release in September 2013) has been extended by expert opinions with valuation dates in 2013. Analysed were respective valuation and audit reports with valuation dates in the period from 2010 to 2013.

The updated study on valuations required by German law highlights current trends and provides an overview of valuation principles and parameters applied regarding squeeze-outs, domination and profit and loss transfer agreements as well as mergers in the period from 2010 to 2013. “The divergence of market risk premiums in recent valuations is quite interesting and may indicate a tendency to lower market risk premiums.” states Dr. Jochen Beumer, partner Valuation Services at I-ADVISE AG.To download the study click here.

Further information can be found here: German Private Equity Conference

On December 20, 2013 WILO SE completed the acquisition of all shares in GEP Industrie-Systeme GmbH, Zwönitz.

GEP Industrie-Systeme GmbH specializes in potable and process water systems as well as for fire fighting systems.

With its 7,000 employees WILO SE generated revenues of 1.2 billion Euro in 2012 and is a globally leading manufacturer of pumps and pump systems for heating, ventilation and air conditioning, water supply and waste water disposal.

By acquiring GEP Industrie-Systeme GmbH WILO SE extends its existing market proposition in the field of applications for water supply systems in the domestic and international markets. „Priorities are set on German speaking countries in order to meet increasing requirements and authorization regulations, in particular in the field of fire fighting systems, and to offer full service solutions for our customers.“, explains Carsten Krumm, Senior Vice President WILO SE.

The financial and tax due diligence team of I-ADVISE team led by WP/StB Frank Sichau supported WILO SE in the due diligence phase and in purchase contract negotiations.

I-ADVISE AG specializes in transaction advisory and valuation services. I-ADVISE AG is part of an international network of consulting firms, which, if necessary, can complement the project teams in cross border transactions and valuation projects.

Sascha has a master’s degree in business administration (Diplom-Kaufmann) and has been appointed as a tax consultant in 2012. He contributes 5 years of professional experience and extensive expertise in the areas of accounting and auditing (HGB, IFRS, US-GAAP) to our Transaction Services teams. Before joining I-ADVISE, Sascha has been working as a manager in the audit of Deloitte.

„We are delighted to welcome Sascha in our team. His professional and personal competence perfectly complements the I-ADVISE team in Düsseldorf.“ Axel Schwarzrock, Partner, continues: „ We win a competent and experienced contact for our consulting services which are experiencing continued growth.“

I-ADVISE is specialised in transaction advisory and valuation services and is internationally linked in a network of advisory companies, which are also focussed on cross-border company transactions. For further information please visit www.i-advise.de.

This study on valuations required by law provides an overview of valuation methods and parameters that have been applied for the calculation of compensations for squeeze outs, domination and profit and loss transfer agreements and merger ratios. Thus revealing trends, apparent consensus or disagreement in German valuation practice. We have analysed company boards´ reports on valuations and the audit reports for these purposes with valuation dates between 2010 and 2012/13.

Please click to view our valuation study.

I-ADVISE AG invites to the seminar “Establishing and Expanding Your Business Presence in India” in Düsseldorf‘s Wirtschaftsclub

India, as one of the fastest growing economies worldwide, has been on the investment radar of most multinational companies. Many German companies have already set up their presence in India by way of a representative office or a subsidiary with limited operations. Establishing and developing business in the emerging but demanding market environment of India will be the subject of the seminar “Establishing and Expanding Your Business Presence in India”.

In order to get a practical understanding of what really matters in establishing and expanding business in India, I-ADVISE invited Mr. Manoj Gidwani from their network partner SKP Group, Mumbai. SKP is an Indian consulting firm specialised in crossborder consulting. “Mr. Gidwani will address India’s macroeconomic and regulatory scenario, investment climate, typical business models, success stories of German businesses and certain “dos & dont’s” in the country’s specific market” says Frank Berg, Partner I-ADVISE. He further notes: “There will also be the opportunity to hear about the speaker’s practical experiences and get useful tips.”

Interested parties should register early because the number of participants is limited to ensure the opportunity to address questions individually.

I-ADVISE AG specialises in transaction advisory and valuation services. Because of our international network, we’re able to support our clients in cross-border transactions in various countries. Please click here for further information.