Corporate transactions have different goals and motivations. In one case, it may be a question of finding investors to finance a promising growth strategy. In another, it is all about finding a suitable successor. In yet another, a merger with another company is to be organized to harness shared synergistic benefits and to strengthen the market position. Or parts of the company are to be sold to concentrate on other areas.
All the transactions have one thing in common - they are outside the scope of day-to-day business for shareholders and managers. This means that professional guidance during the entire process is frequently necessary to ensure successful completion. comes can provide this professional assistance ranging from the initial idea right through to final contract signing and even beyond during the implementation of the transaction.
The consultants at comes have many years of experience in working with institutional investors. Our network ranges from high net-worth individuals interested in investing in public-sector venture capital companies, i.e. mid-size venture capital companies, to private equity companies and financial investors specializing in certain scenarios.
The acquisition support that we provide encompasses the search for suitable candidates, the due diligence analyses required for an informed decision and the development of scenario simulations.
We prepare corporate planning and the necessary finance plans and help you with the negotiations with your finance partners.
Our services are tailored to meet the needs of the case in question.
We will also be pleased to assist you in conducting the negotiations and in coordinating other parties involved such as your finance partners and legal or tax advisors.
We can ensure the professional organization of the entire investor process regardless of whether the purpose is to raise venture capital for growth finance or to sell part or all of the company. We are able to adjust the specific sequence and road map in the light of the individual requirements and potential of the situation in question. This is done in close consultation with the company.
With our many years of experience in analyzing companies, we are able to assess business models and identify value drivers. This allows us to pinpoint investors’ main interests, to supply them with the specific information they require and to achieve optimum results from negotiations - all with the goal of successfully selling the company or parts of it or raising additional capital.
We help you to find the appropriate successor arrangements for your company. This may entail the search for a suitable successor so that the company can continue on a stand-alone basis. Another option frequently discussed in this connection is to merge the company with anther company - perhaps a supplier or a peer.
We support the successor in analyzing the company and in developing a viable business plan. This then forms the basis for obtaining the finance to fund the purchase price or the company.
How is the value of my company determined?
The question of the reasonable transaction price arises whenever a company is bought or sold or shareholders join or leave it, in a probate situation or when successor arrangements must be considered. Normally, the enterprise value is calculated in such cases.
Generally speaking, the value of the company equals the present value of the expected net distributions. Under IDW S 1, this is calculated using either the capitalized earnings value method or the discounted cash flow (DCF) method. The simplified multiple-based method particularly used for transactions in practice can be applied to verify the plausibility of the calculations but is no replacement for a careful valuation.
We help you to calculate your company’s enterprise value and identify the factors determining the value of your company.
A very large share of M&A transactions fails. One of the main reasons is that during the company acquisition the focus is primarily on the conclusion of the sales contract while the post merger integration is being neglected.
Post merger integration, a key factor for a successful M&A transaction
For a successful acquisition it is necessary to begin the post merger integration process before the conclusion of the sales contract. Key factors are the professional planning and controlling of the post merger integration. The focal points here are the organisational culture, the internal and external company communication and the commitment of the most important employees. By continually leading and controlling the process the integration risks can be minimalised. Additionally, important decision processes can be established so that problems can be identified quickly and specifiic counteractive measures can be implemented.
With our experience and competence we support you in all questions regarding post merger integration so that your company acquisition will be a success.