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I-ADVISE advises Kamera Express on the acquisition of all shares in FOTO-GREGOR GmbH

Düsseldorf, September 2021: I-ADVISE advised Kamera Express, a portfolio company of Vendis Capital, Diegem/Brussels (Belgium), on the acquisition of all shares in FOTO-GREGOR GmbH.

FOTO-GREGOR GmbH and subsidiaries, also acquired in the context of the transaction, operate in total eight photo retail stores in Germany and a web shop. The group employs circa 100 people and is headquartered in Cologne, which is also the site of group’s main store.

Kamera Express, Capelle a/d Ijssel (The Netherlands), is the leading photo and video specialist in the Netherlands and Belgium. Through its own web shops and 21 brick-and-mortar stores, Kamera Express provides consumers with a wide product range and services. Since the investment of Vendis Capital in 2018, the business transitioned from a product orientated omni-channel retailer in the Netherlands to a fully-fledged European consumer platform. The acquisition of FOTO-GREGOR further strengthens the position of Kamera Express in Germany.

The I-ADVISE team led by Kim Niedernolte supported Kamera Express with financial due diligence and tax due diligence.

Current Base Rate, September 2021

Perpetual base rate for valuation dates in September 2021 is 0.15 % (not rounded, 3-month averaging, 1 % growth rate). – Non-binding indication as of today –

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.

I-ADVISE advises Odewald KMU II on the acquisition of the digitization expert ctrl QS

Düsseldorf, August 2021: I-ADVISE advised Odewald KMU II on the acquisition of a majority stake in the digitization expert ctrl QS GmbH Rollout Management for Digital Projects. Together with the founder, Mrs. Mirja Silverman, who will continue to lead the company as managing director, the company’s successful growth path is to be continued.

ctrl QS is a specialized service provider advising multinational corporations and brands on process, tool and change management in the context of digital projects and provides operational support. In its core market, ctrl QS already occupies a leading market position and, thanks to its extensive expertise, has many opportunities to expand the product range and continue to grow successfully both nationally and internationally. The company, based in Berlin, was founded in 2009 and today employs over 100 people.

Odewald KMU II fund invests in attractive target markets in German-speaking medium-sized companies. The industry focus is on profitable, fast-growing medium-sized companies in the areas of “German engineering”, intelligent services, health and IT / software.

Heiko Arnold, partner of Odewald KMU, explains: “The investment in ctrl QS expands our portfolio in the highly attractive and rapidly growing market of supporting companies and organizations in digital transformation.”

The I-ADVISE team, led by WP Frank Berg, supported Odewald KMU with financial due diligence and tax due diligence.

Current Base Rate, August 2021

Perpetual base rate for valuation dates in August 2021 is 0.29 % (not rounded, 3-month averaging, 1 % growth rate). – Non-binding indication as of today –

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.

Current Base Rate, July 2021

Perpetual base rate for valuation dates in July 2021 is 0.31% (not rounded, 3-month averaging, 1 % growth rate). – Non-binding indication as of today –

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.

Current Base Rate, June 2021

Perpetual base rate for valuation dates in June 2021 is 0.31% (not rounded, 3-month averaging, 1 % growth rate). – Non-binding indication as of today –

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.

Seventh edition of the study on German valuation practice

Düsseldorf, May 2021: The seventh 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 2020 and analyses the development of valuation practice since 2010.

The new I-ADVISE study can 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.

“As a new feature, we assign parameters to concretely named valuation cases in 2020, which again increases the information content of the study.”, explains Dr. Jochen Beumer, Head of Valuation Services of I-ADVISE AG.

You can download the complete study here. The German version may be downloaded here.

Current Base Rate, May 2021

Perpetual base rate for valuation dates in May 2021 is 0.21% (not rounded, 3-month averaging, 1 % growth rate). – Non-binding indication as of today –

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.

Current Base Rate, April 2021

Perpetual base rate for valuation dates in April 2021 is 0.08% (not rounded, 3-month averaging, 1 % growth rate). – Non-binding indication as of today –

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.

Current Base Rate, March 2021

Perpetual base rate for valuation dates in March 2021 is -0.06% (not rounded, 3-month averaging, 1 % growth rate). – Non-binding indication as of today –

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.