Current Base Rate, August 2022

Perpetual base rate for valuation dates in August 2022 is 1.39 % (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 2022

Perpetual base rate for valuation dates in July 2022 is 1.24 % (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 2022

Perpetual base rate for valuation dates in June 2022 is 0.83 % (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, May 2022

Perpetual base rate for valuation dates in May 2022 is 0.58 % (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.

Eighth edition of the study on German valuation practice

Düsseldorf, March 2022: The eighth 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 2021 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, 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, March 2022

Perpetual base rate for valuation dates in March 2022 is 0.19 % (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, February 2022

Perpetual base rate for valuation dates in February 2022 is 0.07 % (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, January 2022

Perpetual base rate for valuation dates in January 2022 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, December 2021

Perpetual base rate for valuation dates in December 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.

Current Base Rate, November 2021

Perpetual base rate for valuation dates in November 2021 is 0.14 % (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.

Dominik Lehmann strengthens the valuation team at I-ADVISE AG

Düsseldorf, October 2021: In Dominik Lehmann, I-ADVISE has gained an outstanding specialist in the field of company valuation. He has extensive experience in structural measures under stock corporation and conversion law, such as squeeze-outs, tax-related company valuations, fairness opinions and purchase price allocations.

After studying business administration at the universities of Gießen and Bochum, he started his professional career with auditing firms specializing in company valuations. After working at two Big4 companies, he is now strengthening the Frankfurt office of I-ADVISE. Dominik Lehmann is a tax advisor and certified valuation analyst. He regularly publishes articles in business valuation journals.

“We are pleased to have won Mr. Lehmann, a very experienced valuation expert with extensive experience in complex valuation projects, for the Frankfurt office.” Jochen Beumer, Head of Valuation Services at I-ADVISE.

I-ADVISE AG advises Wilo SE in its acquisition of QuantumFlo, Inc.

Düsseldorf, October 2021: WILO USA LLC, a subsidiary of WILO SE, acquired the operating business of QuantumFlo, Inc. in an asset deal. QuantumFlo, Inc. is a specialist for booster systems and intelligent pump stations.

QuantumFlo, Inc., based in Sanford, Florida/USA, is the US market leader in intelligent pump stations and creator of the world’s first variable speed booster operating system.

“With this acquisition, we are strengthening our presence in the USA in line with our ‘region-for-region’ approach. We are thus counteracting decoupling, the politically motivated separation of global value chains, and can serve local customer needs even more specifically with locally manufactured products. By acquiring QuantumFlo, we are also expanding our customer base to accelerate market development in the USA,” explains Oliver Hermes, President and CEO of the Wilo Group.

The Wilo Group with net sales of 1.5 billion € and 8.000 employees is one of the world’s leading premium suppliers of pumps and pump systems for building services, water management and the industrial sector.

The team of I-ADVISE led by Frank Sichau provided services as financial advisor to WILO SE including business valuation services.

I-ADVISE berät die WILO SE bei der Übernahme von QuantumFlo, Inc.

Düsseldorf, Oktober 2021: Die WILO USA LLC, eine Tochtergesellschaft der WILO SE, hat im Rahmen eines Asset-Deals das operative Geschäft von QuantumFlo, Inc., einem Spezialisten für Druckerhöhungsanlagen und intelligente Pumpensysteme, übernommen.

QuantumFlo, Inc. mit Sitz in Sanford, Florida/USA, ist Marktführer für intelligente Pumpensysteme in den USA und Erfinder des weltweit ersten drehzahlvariablen Booster-Betriebssystems.

„Mit dieser Akquisition verstärken wir ganz im Sinne unseres ‚region-for-region‘-Ansatzes unsere Präsenz in den USA. Damit begegnen wir dem Decoupling, der politisch motivierten Entkopplung von globalen Wertschöpfungsketten, und können noch gezielter lokale Kundenbedürfnisse mit lokal hergestellten Produkten bedienen. Außerdem erweitern wir mit dem Erwerb von QuantumFlo unsere Kundenbasis zur Beschleunigung der Marktentwicklung in den USA“, erklärt Oliver Hermes, Vorstandsvorsitzender und CEO der Wilo Gruppe.

WILO SE gehört mit einem Umsatz von rund 1,5 Milliarden Euro und ca. 8.000 Mitarbeitern zu einem der weltweit führenden Hersteller von Pumpen und Pumpensystemen für die Heizungs-, Kälte- und Klimatechnik sowie für Wasserversorgung und Abwasserentsorgung.

Das I-ADVISE Team unter der Leitung von Herrn WP/StB Frank Sichau unterstützte die WILO SE als Financial Advisor und bei der Unternehmensbewertung.

Current Base Rate, October 2021

Perpetual base rate for valuation dates in October 2021 is 0.10 % (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 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.

Current Base Rate, February 2021

Perpetual base rate for valuation dates in February 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.

Current Base Rate, January 2021

Perpetual base rate for valuation dates in January 2021 is -0.16% (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, December 2020

Perpetual base rate for valuation dates in December 2020 is -0.11% (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, November 2020

Perpetual base rate for valuation dates in November 2020 is -0.01% (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 the Munich-based investor Ad_Astra on the takeover of Kappus

Düsseldorf, April 2020: I-ADVISE advises the Munich-based investor Ad_Astra on the successful takeover of the traditional soap manufacturer Kappus.

Ad_Astra acquires the operations of the insolvent Kappus Group at Heitersheim (“Hirtler Seifen”) and Riesa (“Kappus Riesa”) through European Soap Holding GmbH, Munich. Kappus, whose origins go back to 1848, is one of the leading European soap manufacturers and produces more than 130 million bars of soap and syndets p.a. With 150 employees at both locations, Kappus achieves sales of around € 40 million.

I-ADVISE advised Ad_Astra on the implementation of this M&A project providing financial due diligence support, preparing the business plan and in structuring of the acquisition in the form of an asset deal.

 

We welcome on board our new team member Julia Schall

Düsseldorf, September 2020: We are delighted to welcome on board Julia Schall.

Current Base Rate, September 2020

Perpetual base rate for valuation dates in September 2020 is 0.01% (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, August 2020

Perpetual base rate for valuation dates in August 2020 is 0.01% (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 2020

Perpetual base rate for valuation dates in July 2020 is 0.01% (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 AG appoints new partner

Düsseldorf, July 2020: I-ADVISE continues its growth in M&A-Advisory and complements its partner team with renowned German public accountant (Wirtschaftsprüfer) and German tax accountant (Steuerberater) Michael Ferdinand.

Michael is an expert for both German and international tax law, in particular in the fields of corporate and real estate taxes, M&A tax and tax structuring. He studied business administration at the University of Cologne specialising in tax laws and corporate finance. He is a German public accountant, certified tax advisor for international tax law (Fachberater für Internationales Steuerrecht) and already during his studies qualified as German tax accountant (Steuerberater). In his professional career he worked at Big4 and midcap accounting and advisory firms before joining I-ADVISE.

„We are happy to have Michael on board. He perfectly contributes to our advisory services strengthening our competencies in German and international tax law.” so Frank Sichau, one of the founding partners of I-ADVISE.

Current Base Rate, June 2020

Perpetual base rate for valuation dates in June 2020 is -0.07% (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.

Sixth edition of the study on German valuation practice

Düsseldorf, May 28, 2020: The sixth 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 2019 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. “Surprisingly the DCF WACC approach has been applied in two cases, after a long period of total domination of the discounted earnings approach. We also noticed lower growth rates in valuations”, 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 2020

Perpetual base rate for valuation dates in May 2020 is -0.02% (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 2020

Perpetual base rate for valuation dates in April 2020 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.

I-ADVISE supports Erich Utsch AG in business combination with Hills Numberplates Ltd

March 2020: I-ADVISE AG advised Erich Utsch AG, Siegen, in taking over shares in UK-based Hills Numberplates Ltd (“Hills”).

In the context of combining businesses, Erich Utsch AG together with two former shareholders assumed all shares in Hills. Hills is UK market leader in the supply of legal number plates and licence plate components. Its subsidiary FaabFabricauto is French market leader. Hills group has circa 300 employees and generates a turnover of more than € 50 million.

Subsequent to the business combination, Erich Utsch AG and Hills group are the world’s largest group in the license plate segment with a combined workforce of more than 1,000 employees servicing customers in more than 130 countries.

I-ADVISE assisted Erich Utsch AG in the execution of the financial due diligence of Hills and its French subsidiaries.

Erich Utsch AG is the global leader in the production of vehicle license plates as well as related technology and system solutions.

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.

Current Base Rate, March 2020

Perpetual base rate for valuation dates in March 2020 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, February 2020

Perpetual base rate for valuation dates in February 2020 is 0.24% (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 AG sponsors the ProTalent scholarship program of the WWU Münster

Düsseldorf, 21.1.2020: 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.“

Current Base Rate, January 2020

Perpetual base rate for valuation dates in January 2020 is 0.18% (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, December 2019

Perpetual base rate for valuation dates in December 2019 is 0.09% (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 AG advises Wilo SE in its acquisition of American-Marsh Pumps

Düsseldorf, November 2019: WILO USA LLC, a subsidiary of WILO SE, acquired the pump business of J-Line Pump Co. J-Line Pump Co. operated its pump business as American-Marsh Pumps. Wilo acquired the business via its newly founded subsidiary American-Marsh Pumps LLC in an asset deal. American-Marsh Pumps with 55 employees is headquartered in Collierville, Tennessee, USA.

“The acquisition of American-Marsh Pumps strengthens our strategic market position in the US, and expands the product portfolio for our customers in the Water Management, Industry and Building Services segments”, explains Oliver Hermes, President and CEO of Wilo Group. “This acquisition marks another important milestone in the execution of our growth strategy, following the successful acquisition and integration of the Cedarburg pump manufacturers Weil Pump & Scot Pump in 2017.”

WILO SE is one of the world’s leading manufacturers of pumps and pump systems for building services, the entire water management chain and industry. The company, whose sales reached more than 1.5 billion euros, has its eyes firmly fixed on the future and is heavily involved in research and development.

The team of I-ADVISE led by Frank Sichau provided services as financial advisor to WILO SE including business valuation services.

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

Current Base Rate, November 2019

Perpetual base rate for valuation dates in November 2019 is -0.003% (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, October 2019

Perpetual base rate for valuation dates in October 2019 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, September 2019

Perpetual base rate for valuation dates in September 2019 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.

I-ADVISE Spotlight on the Automotive Aftermarket

The August issue of the I-ADVISE Spotlight “AUTOMOTIVE AFTERMARKET – CONSOLIDATION KEEPS ROLLING” comments on current developments and challenges in the industry and provides information on the M&A activity in the European car parts and tyre trade.

For access to the publication please click here.

Current Base Rate, August 2019

Perpetual base rate for valuation dates in August 2019 is 0.46 % (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 2019

Perpetual base rate for valuation dates in July 2019 is 0.60 % (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 2019

Perpetual base rate for valuation dates in June 2019 is 0.72 % (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, May 2019

Perpetual base rate for valuation dates in May 2019 is 0.77 % (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 2019

Perpetual base rate for valuation dates in April 2019 is 0.83 % (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 spotlight “ORGANIC FOOD – STRONG GROWTH OF A HEALTHY MARKET”

The organic food industry is steadily growing and is becoming increasingly important in the food market. The March issue of the I-ADVISE Spotlight “ORGANIC FOOD – STRONG GROWTH OF A HEALTHY MARKET” gives an overview of the strongly growing organic food market in Germany and takes a look into its future. We report on the structural changes in distribution channels, highlight key trends in the organic food sector and conclude with M&A activities of financial and strategic investors.

Access the publication in English here; for the German version please see here.

Fifth, updated, Study on German Valuation Practice

Düsseldorf, March 13, 2019: The fifth 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 2018 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. “The new tendency to derive the terminal value from average margin estimates or long term projections by the valuator has a high potential value impact.”, explains Dr. Jochen Beumer, Head of Valuation Services of I-ADVISE AG.

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

Current Base Rate, March 2019

Perpetual base rate for valuation dates in March 2019 is 0.89 % (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 supports Erich Utsch AG in strategic reorientation

February 2019: I-ADVISE AG advised Erich Utsch AG, Siegen, in realigning its business strategy divesting shares in a financial holding and assuming the majority shareholding in an Australian company.

Transactions executed for that purpose by the end of 2018 comprised the sale of all shares held by Erich Utsch in UTSCH Tönnjes International (“UTI”) and the acquisition of a majority stake in Australian LicenSys Pty Ltd. (“LicenSys”). The transactions are aimed to further drive forward Erich Utsch’s differentiation from competitors and strengthen its market positioning. Through the take-over of a majority interest in LicenSys, Erich Utsch has become market leader in Australia, New Zealand and Oceania. The acquisition also enables Erich Utsch to expand its technological base.

Erich Utsch AG is the global leader in the production of license plates and related system solutions.

I-ADVISE provided business consultancy with respect to specific economic issues in the context of the divestment of Erich Utsch AG’s UTI participation and the take-over of shares in LicenSys.

Current Base Rate, 1. February 2019

Perpetual base rate for valuation dates in February 2019 is 1.00 % (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 acts as court-appointed auditor in the squeeze-out of Pironet AG

January 2019: I-ADVISE AG acted as court-appointed auditor in the context of the intended transfer of the shares of the minority shareholders of Pironet AG, Cologne, to CANCOM SE, Munich (squeeze-out).

In the Extraordinary General Meeting of Pironet AG on January 10, 2019 CANCOM SE as the majority shareholder of Pironet AG filed the motion to transfer the shares of the minority shareholders to CANCOM SE in return for a cash settlement of € 9.64 per Pironet share.

About Pironet AG
Via its wholly owned subsidiary, CANCOM Pironet AG & Co. KG, Pironet AG is the multi-cloud provider of the Munich-based CANCOM Group and offers its customers a wide range of IT outsourcing services. The ISG Experton Group estimates that CANCOM Pironet was among the top 10 cloud providers in the German B2B market in 2016. With around 250 employees, Pironet AG achieved sales of around € 56 million in 2018.

About CANCOM SE
CANCOM SE as one of the leading providers of IT infrastructure and IT services in Germany, Austria, USA and the United Kingdom is listed on the TecDAX and SDAX of the Frankfurt Stock Exchange. CANCOM group´s holistic product and service range includes IT consulting, design of IT architectures and IT landscapes, conceptual design and integration of IT systems, operation of IT systems, and sales of hardware and software.
The more than 3,000 employees worldwide generate annual sales of over € 1 billion.

I-ADVISE was responsible for ensuring the adequacy of the compensation of the minority shareholders of Pironet AG. In a comprehensive audit report, I-ADVISE confirmed the compensation determined by a valuation report.

I-ADVISE advises STADTWERKE GIESSEN on the sale of electricity distribution grids

January 2019: I-ADVISE AG advised Stadtwerke Gießen AG (“Stadtwerke Gießen”) on the sale of the electricity distribution grids of the city of Selters and the local community of Maxsain (“electricity distribution grids”) to Energieversorgung Mittelrhein (“evm”).

Around 88 kilometres of power lines and an associated operating property were sold to evm and the transfer of the grid service employees working in the grid area was agreed.

Stadtwerke Giessen is the regional energy supplier for the city of Giessen and the region “Mittelhessen” regarding electricity, natural gas and heat as well as drinking water. In addition, it operates the public bus services and the public baths. Stadtwerke Giessen, a 100% subsidiary of the university town of Giessen, with around 800 employees, supplies more than 190,000 customers and generated sales revenues of more than €400 million in 2017.

I-ADVISE comprehensively supported Stadtwerke Giessen in the preparation and execution of the transaction, by evaluating the electricity distribution grids and the operating property, preparing a fairness opinion and accompanying the contract negotiations.

I-ADVISE advises ENGIE on the acquisition of OTTO Luft- und Klimatechnik

January 2019: I-ADVISE AG advised ENGIE in Germany in the acquisition of OTTO Luft- und Klimatechnik GmbH & Co. KG (“OTTO Group”), Bad Berleburg. OTTO Group is a leading specialist in ventilation and air-conditioning solutions, cooling technology and building automation in Germany. By acquiring Otto group, ENGIE strengthens its leading market position in technical building services and deepens its product portfolio in ventilation and air-conditioning.

Otto Group with its 700 employees generated revenues of approx. €120m in 2018.

ENGIE in Germany is specialising in technical building services, facilities management, industrial refrigeration technology and energy services. ENGIE Deutschland AG is part of listed ENGIE group generating €65bn in revenues with more than 150,000 employees worldwide.

I-ADVISE provided both, Financial and Tax Due Diligence support to ENGIE.

I-ADVISE advising Mayersche Buchhandlung on the merger with Thalia

January 2019: I-ADVISE AG supported the merger of Mayersche Buchhandlung KG and Best Of Books (B.O.B) with Thalia GmbH. The combination of 55 Mayersche bookstores in North Rine-Westphalia and Rhineland-Palatinate and the 300 Thalia stores in German speaking countries including Best Of Books (B.O.B) are forming Europe’s leading family-led bookseller.

Ongoing challenges in retail markets require innovative concepts and new alliances to sustain market success. Thalia and Mayersche are merging into an innovative bookseller with a strong regional footprint in the German speaking market, and the most successful omni-channel bookselling business. I-ADVISE provided Financial Due Diligence services to Mayersche and supported in all financial aspects of the merger.

I-ADVISE provided Mayersche Buchhandlung with Financial Due Diligence and financial advisory.

About Mayersche
In 1817 Mayersche Buchhandlung was founded in Aachen by Jacob Anton Mayer. It celebrated its second centenary anniversary in 2017 and is ever since its foundation a family owned business. Today Mayersche is run by the Falter family and is represented in 55 stores in the Western part of Germany. The Shop-in-Shop provider Best of Books is also part of the Mayersche business. In total, 1000 employees including 120 trainees are employed by Mayersche.

About Thalia
Thalia was established in 1919 in Hamburg and is market leader in retail bookstores in German-speaking countries. Thalia is owned by the Herder, Kreke, Busch and Göritz families. Thalia operates ca. 300 stores in Germany and Austria, including a 50% share in more than 30 Orell Füssli Thalia PLC bookstores in Switzerland. Thalia’s successful omni-channel strategy enables customers to access its products via all existing sales channels. Thalia employs 5,000 people.

Current Base Rate, 2 January 2019

Perpetual base rate for valuation dates in January 2019 is 1.09 % (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.

I-ADVISE AG further expanding in Valuation Services

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.

Evonik sells its US Jayhawk site supported by I-ADVISE

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.

I-ADVISE advising Intercus GmbH on its growth financing

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.

Fourth, updated, Study on German Valuation Practice

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.

I-ADVISE AG further expanding in Valuation Services

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.

Current Base Rate, 1 February 2018

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.

I-ADVISE AG sponsors the ProTalent scholarship program of the WWU Münster

Düsseldorf, 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.“

Current Base Rate, 2 January 2018

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.

Current Base Rate, 1 December 2017

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.

I-ADVISE Spotlight on the fitness industry

The November issue of the I-ADVISE Spotlight “FITNESS – AN INDUSTRY IN MOTION” comments on fundamental trends, presents the leading European studio operators and provides information on the M&A activity in the industry.

Access the publication here.

I-ADVISE ADVISES THE SHAREHOLDERS OF MÜLLER-ELEKTRONIK ON THE SALE TO TRIMBLE

Frankfurt, July 2017: In the sales process of Müller-Elektronik to publicly traded Trimble I-ADVISE acted on behalf of the founding families. The transaction was completed on July 3, 2017 after customary closing conditions, especially antitrust clearance by the cartel authorities, had been satisfied.

Trimble acquires one of the leading companies in agriculture electronics and precision farming with activities in Europe and in North and South America.

Since its foundation in Salzkotten, East Westphalia/Germany in 1977, Müller-Elektronik has been a pioneer and leader in the development of agriculture electronics with ground-breaking innovations, establishing ISOBUS hardware and software solutions for agriculture. Today Müller-Elektronik employs more than 375 people worldwide.

Trimble, headquartered in Sunnyvale, California/USA, is a leading provider of advanced GPS based positioning technologies and systems for a variety of industries and applications. In agriculture, Trimble’s solutions include guidance displays for parallel motion and steering systems, GPS/GNNS systems, flow and application control, operational management software and much more.

„The merger of Trimble and Müller-Elektronik and the combination of both systems is solely possible by establishing a partnership of these two companies creating significant potential in this industry“, Christian Müller, managing director of Müller-Elektronik, points out.

The I-ADVISE team led by Andreas Ewers (Partner, Frankfurt) supported the shareholders of Müller-Elektronik as financial advisor during the entire sales process.

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

I-ADVISE AG advises Wilo SE on the acquisition of Weil Pump and Scot Pump in the USA

Düsseldorf, March 2017: WILO USA LLC, a subsidiary of WILO SE, acquired in an asset deal the operative business of the pump manufacturers Weil Pump Company, Inc. and Scot Pump Company and the component manufacturer Karak Machine Corporation. The three companies with about 140 employees are headquartered and produce in Cedarburg, Wisconsin.

“The aim of this acquisition is to increase our regional presence and to accelerate our development of the North American market. This transaction represents an important step forward in the implementation of our intensified globalization strategy,” explains Oliver Hermes, Chief Executive Officer. Eric Lachambre, Member of the Executive Board at WILO SE and responsible for mature markets, adds: “Furthermore, we increase our application expertise and strengthen our US activities in Building Services and Industry.”

WILO SE is one of the world’s leading manufacturers of pumps and pump systems for building services, the entire water management chain and industry. The company, whose sales reached more than 1.3 billion euros, has its eyes firmly fixed on the future and is heavily involved in research and development.

The team of I-ADVISE led by Frank Sichau supported WILO SE as financial advisor in this process and supported in negotiations with the sellers.

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.

Andreas Ewers joins I-ADVISE AG as Partner in Frankfurt office

November 2016: With Andreas Ewers joining I-ADVISE AG, the advisory team has been complemented with another senior expert in transaction advisory services. Andreas has comprehensive experience in corporate management and consulting corporations and their investors.

Andreas started his professional career as transaction services advisor at Arthur Andersen and EY. He assisted private equity investors, listed corporates and medium-sized companies (“Mittelstand”) in transactions with a focus on financial buy-side and sell-side due diligence as well as vendor assistance.

As CFO of a PE portfolio company, amongst others Andreas successfully helped to develop and establish structures and processes required for a growing business (e.g. acquisition of business operations and subsequent integration, working capital optimisation, cost improvement measures) and fulfilling the demands of a financial investor.

“We are convinced that Andreas’ transaction expertise as well as his PE experience will strongly contribute to our excellence-based consultancy approach and I-ADVISE’s future sustainable growth” states Frank Berg, Partner at I-ADVISE.

I-ADVISE AG advised TAI on the acquisition of Grunewald Stade GmbH & Co. KG

Düsseldorf, August 2016: On 14 July 2016 a German subsidiary of TAI Turkish Aerospace Industries headquartered in Ankara (Turkey) acquired all shares in Grunewald Stade GmbH & Co. KG, Stade (Germany). Grunewald Stade formerly was part of Grunewald-group based in Bocholt (Germany). I-ADVISE acted as exclusive financial and tax advisor.

Grunewald Stade in particular provides assembly and machining services for specific plane components such as rudders to the Airbus plant in Stade. Additionally, maintenance and logistics related services are offered to this key customer.

TAI provides technology in design, development, modernisation, manufacturing, integration and life cycle support for integrated aerospace systems. TAI ranks amongst the top-100 global players in the aerospace and defence industry.

TAI assesses the acquisition as strategic step in response to the ongoing consolidation of the European aerospace industry. The acquisition constitutes an initial measure in TAI’s growth strategy to become global supplier in the aerospace industry.

I-ADVISE acted as financial and tax due diligence advisor and supported TAI in negotiations with the sellers.

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.

I-ADVISE AG advises Bader group and EquiVest on the aquisition of Baltic Metall Grevesmühlen

Düsseldorf, June 2016: As of 1 March 2016 Bader Holding GmbH, Senden, and EquiVest II GmbH & Co., Munich, aquired the Grevesmühlen site of Baltic Metalltechnik GmbH. Baltic Metalltechnik GmbH is a subsidiary of Körber group, Hamburg. I-ADVISE acted as exclusive financial advisor.

At Grevesmühlen, Baltic Metalltechnik GmbH, member of Körber Group’s Business Area Tobacco, produces mechanical components, sheet metal and assembly groups since 1992. The plant in Grevesmühlen will be integrated into Bader group as a competence centre for stainless steel processing.

Bader is a leading producer of metal switch cabinets/operator panels and compact metal enclosures for machine tool industry, packaging industry, plastics industry and woodworking. Bader provides specialised solutions as well as services ranging from product construction to customised logistics. By acquiring the Grevesmühlen site, Bader group will strenghthen its position as full service provider in metal processing and systems.

„At Bader we are looking forward to welcoming the team of Baltic Metall in Grevesmühlen.“, says Axel Buchholz, managing director of EquiVest and chairman of the supervisory board of Bader group.

The I-ADVISE team supported Bader group and EquiVest in financial due diligence including preparation of the investor case and in negotiations with the seller.

I-ADVISE advising iEXERGY in its growth financing

Düsseldorf, 15. June 2016: iEXERGY obtained growth capital from existing and new investors. I-ADVISE acted as exclusive advisor to the owners and management of iEXERGY GmbH. In May 2016 Arvato SCM Solutions provided funds to iEXERGY in exchange for a minority stake in iEXERGY, a developer of hard- and software, active in one of the biggest growth markets of the future “Smart Home”.

In addition to Arvato, WILO SE, a globally leading manufacturer of pumps and pump systems, increased its stake in iEXERGY. “Cooperating with iEXERGY and Arvato will strenghthen our application know-how and further enhance our systems expertise“, comments Oliver Hermes, chairman of the executive board of Wilo. Wilo is the sole manufacturer of pumps worldwide with a comprehensive portfolio of smart home products in building technology. „With Wilo and Arvato as strategic partners, we can push forward a strategic cooperation in order to broaden our own market proposition.“ explains Arne Feldmeier, managing partner of iEXERGY.

arvato SCM Solutions is an innovative and leading international service provider in supply chain management and e-commerce. In the fields of telecommunication, high-tech & entertainment, corporate information management, healthcare, consumer products and publishing, arvato SCM Solutions is offering specialised services. Approximately 14,000 employees worldwide work to provide services and practical solutions. arvato is a wholly-owned subsidiary of Bertelsmann SE & Co. KGaA.

With its 7,400 employees WILO SE generated revenues of 1.3 billion Euro in 2015 and is a globally leading manufacturer of pumps and pump systems for heating, ventilation and air conditioning, water supply and waste water disposal.

The team of I-ADVISE led by Frank Sichau supported WILO SE and iEXERGY as an exclusive financial advisor in this process.

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.

I-ADVISE AG advised INVICTO Holding GmbH on the acquisition of a majority interest in nt-trading GmbH & Co. KG

Düsseldorf, April 2016: I-ADVISE AG advised INVICTO Holding GmbH on the acquisition of a majority interest in nt-trading GmbH & Co. KG.

INVICTO Holding GmbH located in Düsseldorf is a long-term investor focussed on small and mid-sized companies with a leading position in their industry and a superior quality of products, services and employees

nt-trading GmbH & Co. KG, based in Karlsruhe, is a pioneer in the application of digital technology in the field of dental implants. With innovative products and patented new developments nt-trading is able to improve production processes and optimize treatment possibilities.

I-ADVISE conducted the financial due diligence for INVICTO management and its investors.

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.

I-ADVISE AG advised INVICTO Holding GmbH on the acquisition of shares of CCP group

Düsseldorf, 14 March 2016: I-ADVISE AG advised INVICTO Holding GmbH on the acquisition of shares of CCP group.

INVICTO Holding GmbH located in Düsseldorf is a long-term investor focussed on small and mid-sized companies with a leading position in their industry and a superior quality of products, services and employees

CCP group is a specialised provider of industry services for demanding niche areas. The group’s main focus is the fluid management for producing industries, maintenance of machines and industrial cleaning. With its more than 600 trained staff members and specialist equipment the company is a reliable partner for its internationally renowned clients.

I-ADVISE advised INVICTO management and investors in the context of the financial due diligence.

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.

I-ADVISE AG advises WILO SE in the aquisition of GVA

With retrospective effect as of 1 January 2016, WILO SE completed the acquisition of GVA (Gesellschaft für Verfahren der Abwassertechnik mbH & Co. KG), headquartered in Wülfrath with a production plant in Sangershausen (Saxony-Anhalt).

GVA is a German company specialised in system-technologies and system-components for biological sewage purification. For more than 30 years GVA is an active player in the wastewater segment and an established partner worldwide for plant engineering for industrial and municipal water treatment. Managing Partner René Brunßen will continue to lead GVA within the Wilo group.

With its 7,400 employees WILO SE generated revenues of 1.3 billion Euro in 2015 and is a globally leading manufacturer of pumps and pump systems for heating, ventilation and air conditioning, water supply and waste water disposal.

The acquisition of GVA strenghtens WILO SE’s strategy of a further development from components provider to systems provider. “GVA’s product portfolio represents the optimal complement to the Wilo portfolio” explains Carsten Krumm, Member of the Managing Board of WILO SE and Oliver Hermes, Wilo Chairman further states: „The acquisition of GVA is an important step in the expansion of activities in the wastewaster segment and further increases application expertise. Innovative wastewater treatment systems require operational experience as well as sustainable and environmentally friendly technology with respect to climate change, demographic change and water shortage”.

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

I-ADVISE AG advised Arcaris Management GmbH on the acquisition of DOLI Elektronik GmbH

January 2016: I-ADVISE AG advised Arcaris Management GmbH, Düsseldorf, on its investment portfolio expansion when acquiring DOLI Elektronik GmbH, Munich. Together with institutional and private investors, Arcaris acquired 100% of the shares in DOLI Elektronik GmbH, Munich.

DOLI Elektronik GmbH is a leading provider of electronics for material-testing instruments. Core products are digital controllers and power amplifiers which are installed in static and dynamic testing machines. In addition, DOLI is a well-known service provider for the modernization of testing instruments.

“We are pleased with the mutual success, moreover since this is the third consecutive successful transaction with Arcaris”, says Frank Berg, partner at the company’s headquarter in Düsseldorf.
The team of I-ADVISE supported Arcaris in both, financial due diligence and tax due diligence.

Arcaris Management GmbH represents a network of entrepreneurs and family offices searching for long-term investments in established and profitable German mid-cap companies (the German Mittelstand). With a unique combination of an independent and long-term source of capital combined with own management resources, Arcaris assists especially in cases of company succession.

I-ADVISE AG – Expansion at the location in Frankfurt/Main

Frankfurt, 1 March 2016: I-ADVISE AG further expands and moves its Frankfurt office effective March 2016 the location in to new and bigger premises in Bettinastraße 35-37.

I-ADVISE advises investors, entrepreneurs and enterprises at each stage of the acquisition or sale of a company or business unit. Valuation Services are also a primary focus of I-ADVISE.

“The last years our location in Frankfurt continued its growth and we further expanded our consultancy business. Bigger and more modern premises reflect our grown business”, explains Frank Berg, partner of I-ADVISE. “We appreciate having found the ideal setting for our activities in the financial center of Germany and one of the most important location for M&A- and private equity transactions in Europe.”

German public accountant and M&A expert Sönke Schwartz from Frankfurt with long-term experience in accompanying transactions for private equity firms, strategic investors and also in real estate, will head the office.

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

I-ADVISE AG: expanding its valuation services and transaction services team

Düsseldorf, 4 January 2016: Thanks to its uninterrupted growth, I-ADVISE is expanding its transaction services and valuation services team.

Effective January 2016, MBA Jörn Harms joined the transaction services team of I-ADVISE as senior manager. He studied business administration at the University of Münster (WWU). In 2008, he started his professional career at Deloitte & Touche, Düsseldorf, in Transaction Advisory Services where he was promoted Senior Manager.

MBA Fabian Hoever also joined I-ADVISE as a consultant in January 2016. He studied business administration at Cologne university specializing in banking management and accounting.

I-ADVISE as an accounting and advisory firm is specializing in transaction services and valuation services and is a member of an international alliance of independent advisory firms. More details are set out on www.i-advise.de.

I-ADVISE AG advises on the acquisition of all shares in GS Electroplating GmbH, Trebur

October 2015: I-ADVISE AG advises Arcaris Management GmbH, Düsseldorf, in its portfolio expansion strategy when acquiring GS Electroplating GmbH. Arcaris together with institutional and private investors acquired 100% of the shares in GS Electroplating GmbH and all real estate.

GS Electroplating GmbH is a automotive supplier specialising in surface refinement of aluminum components. Mass products, refined smaller batches and tailor-made large expensive individual parts made of aluminum are manufactured for suppliers in the automotive and in engineering industry.

I-ADVISE performed both Financial and Tax Due Diligence.

I-ADVISE AG advises on the sale of all shares of REGE Holding GmbH to AMTEK Global Technologies Pte. Ltd., Singapur

May 2015: I-ADVISE AG advises management and shareholders of REGE Holding GmbH with locations in Germany, Hungary and South Korea, on the sale of all shares to AMTEK Global Technologies Pte. Ltd., Singapur. Amtek is globally leading in production, chipping and assembling of cast or forged pieces.

REGE Motorenteile GmbH, whose shares are held by REGE Holding GmbH, is a leading system provider for the mechanical processing and assembly of complex components. Since its founding in 1987 REGE with its 1,450 employees has become an internationally operating technology and services provider.

“The acquisition by Amtek, a financially strong and growing group, will help us realize future sustainable growth targets on a European and also global scale,” explains Rainer Gsell, member of the REGE Holding GmbH management board.

In its vendor assistance, the I-ADVISE team advised by documenting the financial data of REGE group in a financial fact book including a consolidated business plan.

 

I-ADVISE AG welcomes new Member of the Supervisory Board

Düsseldorf, 27.04.2015: The general meeting of I-ADVISE AG elected Mr. Alfred Gaeb to its Supervisory Board. Mr. Gaeb follows Mr. Oliver Kuschel, who stepped down from the Board at his own request.

“We are very thankful to Mr. Kuschel for his loyal cooperation in recent years. Having Mr. Gaeb on the Board will support the strategic development of I-ADVISE AG and further strengthen relations to relevant stakeholders,“ Lars Roßner, chairman of the board and partner at law firm Buse Heberer Fromm, explains.

Mr. Alfred Gaeb, German public accountant and German tax accountant, is managing partner of TreuAdvisa GmbH Wirtschaftsprüfungsgesellschaft. Before founding TreuAdvisa he was Senior Partner in the audit department of a BigFour audit firm, in charge of large media groups and international retail groups.

Frank Sichau, member of the I-ADVISE management board, is glad to announce Mr. Gaeb’s election: „Mr. Gaeb is a seasoned specialist in advising clients based on his broad knowledge in various markets. We are looking forward to a successful collaboration.”

I-ADVISE AG specialises in transaction advisory and valuation services and is part of an international network of consulting firms.

For further information please visit www.i-advise.de.

Latest Article on Inheritance Tax

German Public Auditors Christian Gerber and Sascha Weiß of I-ADVISE AG interviewed by Michael Hedtstück, Chief-Editor of Finance and Finance TV, on the current discussion of a reform of German inheritance tax rules and possible consequences for CFOs of German family-owned businesses concerning valuation and financing.

http://www.finance-magazin.de/bilanzierung-controlling/steuern/familienunternehmen-cfos-fuerchten-neue-erbschaftsteuer/

I-ADVISE AG advises Arcaris Management GmbH on the aquisition of Rubo Fenster GmbH & Co. KG

January 1, 2015: Arcaris Management GmbH completed the acquisition of Rubo Fenster GmbH & Co. KG, Porta Westfalica, together with investors and Rubo’s new managing director Carsten Winkler.

Founded in 1991 by Wilfried Held the company supplies window manufacturers with finished and semi-finished special elements made of UPVC. With its product range Rubo is an established and sought after partner for the window manufacturing industry. With the acquisition by Arcaris the business succession of Rubo has been secured.

„For me it was important that the company will continue to be managed in a responsible, sustainable and proficient way”, Wilfried Held commented his decision for the investor Arcaris and continues: „The combination of the mid-cap equity specialist Arcaris and the industry experience of Carsten Winkler offers optimum conditions for Rubo’s future growth.

Arcaris Management GmbH represents a network of entrepreneurs and entrepreneurial families with long-term investments in the German mid-cap market, focussing on established and profitable businesses. Arcaris supports particularly in business succession situations with a unique combination of independent long-term capital and own management resources. The financial and tax due diligence team of I-ADVISE team supported Arcaris Management GmbH in the due diligence phase.

I-ADVISE AG specializes in transaction advisory and valuation services and is part of an international network of consulting firms. For further information please visit www.i-advise.de.

I-ADVISE AG further expanding in Valuation Services

Düsseldorf, 01.02.2015: I-ADVISE continues its growth in valuation services and complements the valuation services team supervised by Dr. Jochen Beumer with Christian Gerber.

Effective 1 February I-ADVISE hired Christian Gerber, a well-renowned expert in the field of valuation service. Christian qualified as German public accountant (Wirtschaftsprüfer), Certified Valuation Analyst and Chartered Financial Analyst. He demonstrates his experience as a professional advisor with an impressive track record of successfully realized projects for financial sponsors, listed groups and middle-market, family-run businesses. Christian is a speaker at the Society of Tax Consultants and their regional associations covering topics in the area of valuation of large conglomerates and of SMEs. Christian is a member of the board of CFA Society Germany e.V.

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

I-ADVISE specializes in transaction advisory and valuation services. I-ADVISE is part of an international network of independent consulting firms. For further information please visit www.i-advise.de.

I-ADVISE AG sponsors the ProTalent scholarship program of the WWU Münster

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.“

I-ADVISE specializes in transaction advisory and valuation services with offices in Düsseldorf and Frankfurt and is part of an international network of international consultancy firms. For further information please visit www.i-advise.de

I-ADVISE AG expands international network

I-ADVISE AG expands its international network by establishing a cooperation agreement with Stout Risius Ross Inc. (“SRR”), Michigan/USA.

SRR is a U.S.-based global financial advisory firm with 12 offices in the U.S. SRR is specialised in Valuation & Financial Opinions, Dispute Advisory & Forensic Services and Investment Banking. The customer base ranges from privately held companies to Fortune 500 corporations in numerous industries.

Over the last years, SRR has received various awards as top advisor. For the second consecutive year, SRR was recognized as a top-3 fairness opinion advisor in the US and a top-10 advisor globally, according to Thomson Reuter’s M&A Financial Advisory Review.

Dr. Jochen Beumer, head of I-ADVISE valuation services, is very pleased about the partnership with SRR: “Through the cooperation with Stout Risius Ross we are able to perfectly complement our worldwide network of independent advisory firms. In the future, our clients will benefit from SRR’s high professional expertise. At the same time, we are looking forward supporting U.S. clients of Stout Risius Ross in the German-speaking markets.”

I-ADVISE specialises in transaction advisory and valuation services. I-ADVISE is part of an international network of consulting firms, which, if necessary, can complement the project teams in cross border transactions and valuation projects. The I-ADVISE network currently comprises cooperation partners in 10 countries worldwide.

For further information please visit www.i-advise.de.

I-ADVISE AG advises MVV Energie AG in the aquisition of Windwärts

With effective date 1 October 2014 MVV Energie acquired Hanover-based project developer Windwärts.

Through this transaction MVV Energie intends to further strengthen its position in the renewable energies market by covering the entire value chain from project development via plant operation through to electricity marketing. Subsequent to the transaction, Mannheim-based MVV Energie expects to be uniquely positioned in Germany´s renewable energy market.

Windwärts was founded in 1994. Since then the project developer for on-shore wind parks planned and built a total of 144 wind turbine projects. In the past operations were focused in Northern Germany. The takeover was influenced by company’s insolvency. Windwärts filed for insolvency in May 2014 after suffering liquidity constraints due to delays realising certain wind power projects.

Dr. Georg Müller, CEO of MVV Energie AG, commented: ‘’Once restructuring is successfully complete, Windwärts will be an ideal partner for us in boosting our leading role in converting the energy system and participating in renewable energies growth’’.

I-ADVISE supported MVV Energie together with its French cooperation partner 8Advisory, Paris, in the financial due diligence, in the valuation and the purchase price determination of Windwärts operations in Germany and France. Furthermore I-ADVISE assisted MVV Energie with the purchase agreement and the purchase price allocation (PPA).

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

I-ADVISE AG advises GFKL Financial Services AG in the aquisition of intratech GmbH

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.

I-ADVISE Study on Implicit Market Risk Premium

Investors are comfortable with lower market risk premium
Study: Rising enterprise values are caused by declining excess return of shares as compared to securities

Since the last six month of 2012 to first quarter 2014 investors anticipate virtually a continuous decreasing market risk premium for investing in DAX-listed companies. At the end of second quarter 2014 it totals 5.9 % (weighted average) and is therefore 70 basis points below average during the period 2008 to 2013/14. This is the finding of an I-ADVISE research study which determines the implicit market risk premium for selected European and US-markets. The research supports the assumption that the present valuation level at the share market is not only due to low interest rates but also reflects a declining market risk premium requested by market participants.

The market risk premium is the anticipated excess return requested from investors for investing in shares as compared to risk-free securities. Therefore it is a material parameter in each business valuation and investment decision. The lower the market risk premium the higher is the enterprise value based upon profit expectations.

Through its broad-based study I-ADVISE has determined the implicit market risk premium at quarter-end for all DAX, French CAC40, EuroSTOXX and Dow Jones Index-listed shares. The implicit market risk premiums are recalculated out of market capitalization, earnings forecasts by analysts, current base rates and the specific risk which is factored through the beta factor concept for each share at each quarter-end by using an income approach model. The results are condensed in a market risk premium for the market as a whole.

For DAX-listed companies the implicit I-ADVISE market risk premium totals 6.6 % (weighted average, pre-tax) during the period March 2008 to June 2014. These are 100 base points below EuroSTOXX 50-listed companies.

To a large extent the market risk premiums showed a parallel trend between the markets concerned. Nevertheless mean values swung in an extensive way – between 3.9 and 9.4 percentage points for DAX 30 companies.

For European markets the implicit market risk premium is presently around 100 base points below average since first quarter 2008, but rebounds at last.

“Any temporary changes of market risk premiums may be relevant within stock trading even if such are caused by exaggerations in the one or the other direction. But market risk premiums for just a single point in time should not be over-interpreted as a distortion may result out of delays in adjusted earnings forecasts and special items. For long-term investment an appropriate average return on the acquisition should be achieved over several years. As a result the investor should consider a long-term average market risk premium” clarifies Dr. Jochen Beumer, I-ADVISE AG.

As yet the study is only available in German. You can download the study here.

I-ADVISE advises WILO SE on the strategic alliance with iEXERGY

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.

Updated study on valuations required by German law

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.

I-ADVISE AG is an official partner of the upcoming German Private Equity Conference on 24 January 2014 in Frankfurt.

Further information can be found here: German Private Equity Conference

I-ADVISE AG advises WILO SE in the aquisition of GEP Industrie-Systeme GmbH

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.

1. Oktober 2013: Sascha Weiß joins the Transaction Services Team of I-ADVISE AG

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.

Study on valuations required by German law 2010 to 2013

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.

Establishing and Expanding Your Business Presence in India

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.