Wir informieren Sie über aktuelle Entwicklungen und Trends im internationalen M&A-Markt, erfolgreich abgeschlossene Transaktionen sowie unsere praxisnahen M&A-Workshops für Unternehmer.
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Transaktionsnews: EXG berät TPG bei Mehrheitsbeteiligung durch Alpina
EXG Consulting GmbH berät die Gesellschafter der The Project Group Informationstechnologie GmbH bei der Mehrheitsbeteiligung durch Alpina Partners zur Unterstützung der weiteren internationalen Wachstumsstrategie
TPG The Project Group, ein führender Anbieter von Software-Produkten und Consulting rund um Projekt-, Portfolio- und Ressourcenmanagement (PPM) hat Ende 2022 mit der mehrheitlichen Beteiligung von Fonds, die von Alpina Management GmbH verwaltet werden, den Weg für eine erweiterte Wachstumsstrategie geebnet.TPG mit Sitz in München und mehreren internationalen Tochtergesellschaften beschäftigt mehr als 100 Mitarbeiter. Als langjähriger Partner von Microsoft und Planisware bietet TPG komplementäre Softwarelösungen sowie Integrations- und Implementierungsdienstleistungen im Bereich Projekt-, Portfolio- und Ressourcenmanagement. Das Unternehmen betreut mehr als 700 Kunden aus verschiedenen Branchen in DACH und international, darunter sowohl kleinere und mittlere Unternehmen wie auch große, internationale Konzerne.
Alpina ist eine unabhängige europäische Technologie-Investmentgesellschaft mit Fokus auf führende Unternehmen mit starken USPs im Bereich B2B-Software, technologiegestützte Unternehmensdienstleistungen und industrielle Technologien.
Gemeinsam mit Alpina will das Management von TPG sowohl das internationale Dienstleistungsangebot als auch die eigenen Software-Lösungen und -Produkte erweitern und eine der führenden Plattformen für Software und Beratung im PPMUmfeld werden. Das Management von TPG hat im Zuge der Transaktion erheblich reinvestiert und wird weiterhin das Wachstum vorantreiben.
EXG hat die Transaktion als M&A-Berater auf Seiten TPG begleitet.
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Q3 2023 News: ESG-compliance driving M&A activity
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Q2 2023 News: What is happening in the global M&A scenario?
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USA: the collapse of silicon valley bank affecting M&A industry
Deal activity in the US in 1Q23 slowed a bit relative to the high amount of activity seen in 2022. Companies have experienced slowed growth – the elevated demand for goods and services in 2022 was, in part, due to pent up demand during the Covid years and, once satisfied, slowed as 2023 began. As a result, many companies were less attractive acquisition candidates which has delayed M&A activity.
The M&A industry itself in the US has suffered a little from the collapse of Silicon Valley bank and the rise in interest rates.
Post by Andrew Heitner, ALCON PARTNERS
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Q1 2023 News: For those about to M&A, we salute you
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AURIS finance from France joins ICFN
Strengthening our global network. It is with great pleasure that we welcome to the International Corporate Finance Network the French firm AURIS Finance: www.auris-finance.fr
Founded in 2000, AURIS Finance is an independent investment bank with expertise in corporate finance: mergers and acquisitions, fundraising, financial restructuring, and valuation services, both in France and abroad. Our team of experts has a strong entrepreneurial spirit and works with SMEs and mid-sized companies in the following sectors: Food & beverage and consumer goods industry, IT & telecom, Industrial & Engineering and Business Services (Human Resources & Temporary Work, Cleaning & Environment).
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How to better value acquisition targets
A recent in-depth study on how to make better investment decisions came to the following conclusions:
In-depth industry knowledge and endless company-specific research work („Inside view“) alone are not enough for accurate forecasts. You also need accurate knowledge of what has happened in similar decision situations in history („Outside view“). For example, an entrepreneur or investor can, based on his in-depth industry knowledge and research, predict that M&A target will grow very quickly and for a very long time in the future.However, based on the conclusions of the report, this is not enough, and the forecast of the success of the M&A target should also take into account how other companies have grown in similar situations in history.
If it has been rare, based on historical data, that companies grow really fast for a really long time, then the acquisition target’s forecasts and especially valuation should take these into account.For example, according to the study, only 2% of the companies in their extensive database grow by approx. 20-25% per year for 10 years. Considering how rare it is for companies to have fast, long-lasting growth, entrepreneurs and investors should take this into account and adjust valuations of acquisition targets accordingly. In addition, entrepreneurs and investors (and their advisors) should think how much weight optimistic management forecasts should have in their decision making.
Post by Turo Kiiski, 3J PARTNERS
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Enes | Cabral from Portugal joins ICFN
Strengthening our global network. It is with great pleasure that we welcome to the International Corporate Finance Network the Portuguese firm Enes | Cabral:
Enes | Cabral is a law firm, based in Lisbon, Portugal, specialized in Mergers & Acquisitions, Corporate Law and Foreign Investment matters. With a team of solid expertise, Enes | Cabral assists companies operating in Portugal in mostly all the relevant economic sectors and provides legal support to foreign companies that intend to establish in Portugal, guaranteeing tailor-made and sophisticated solutions which can represent an actual added value in the context of each client’s global strategy.
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Closing from Belgium joins ICFN
Strengthening our global network. It is with great pleasure that we welcome to the International Corporate Finance Network the Belgian firm Closing SRL: www.closing.be
Closing is an independent M&A and Corporate Finance advisory firm located in the french speaking part of Belgium. Strategic M&A operations are potentially high added value projects which need careful preparation and dedicated attention throughout their implementation. With a strong entrepreneurial mindset, Closing advises shareholders, enterprises and managers in these transactions, in Belgium and abroad. Closing executes more than a dozen M&A transactions every year.
Closing´s offices are located in Namur, Liège, Brabant Wallon, Luxembourg Belge and Gosselies.
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CoTra from Belgium joins ICFN
Strengthening our global network. It is with great pleasure that we welcome to the International Corporate Finance Network the Belgian firm CoTra:
CoTra is a dynamic boutique law firm specialized in transactions and corporate law.
The firm has an aggregate (inter)national experience and track record of more than 35 years, with an own pragmatic approach. They assist entrepreneurs, investors, start-ups, growth and established companies and (inter)national groups. CoTra focusses on transactions, corporate law and advisory. Therefore, CoTra joins its forces with our client’s specialist advisers or our trusted specialist partners (e.g. for financial, tax, HR or foreign assistance).
CoTra´s offices are located in Antwerp, Mechelen and Keerbergen.